112706 - Accounting

112706 - Accounting - Accounting Users of Accounting...

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Unformatted text preview: Accounting Users of Accounting Information People both inside and outside and organization rely on accounting information to help them make business decisions Accounting practice of measuring, interpreting, and communicating financial information to support internal and external business decision making. Users of Accounting Information Business Activities That Involve Accounting Accountants contribute important information to help managers deal with the competitive and economic environments They help others to understand, predict, and react to the technological, regulatory, and social and cultural environments Accounting plays a key role in: Financing Investing Operating Business Activities That Involve Accounting Public accountant : provides accounting services to individuals or business firms for a fee Management accountant : accountant employed by a business other than a public accounting firm Responsible for collecting and recording financial transactions, and preparing and interpreting financial statements used by the firms managers Business Activities That Involve Accounting Certified Public Accountants accountants who met specified educational and experiential requirements and passed a comprehensive examination on accounting theory and practice. Other Certifications Certified Management Accountants Certified Internal Auditor Business Activities That Involve Accounting Government and Not-for-Profit accountants work for federal, state, and local governments or not-for-profit organizationsperform professional services similar to those of management accountants Instead of an emphasis on measuring profit or...
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This note was uploaded on 04/23/2008 for the course BUS 101 taught by Professor Shaw during the Spring '08 term at Dean.

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112706 - Accounting - Accounting Users of Accounting...

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