Accounting Terms for test 2

Accounting Terms for test 2 - Accounting Terms for test 2...

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Accounting Terms for test 2 - Accounting o the recording measurement and interpretation of financial information used in business decisions - Certified public accountant (CPA) o An individual who has been certified by the state in which he or she practices to provide accounting services ranging from the preparation of financial record and the filling of tax returns to complex audits of corporate financial records. - Public accountant o An independent professional who provides accounting services to the public for a fee CPA (certified public accountant) - Private accountants o Accountants employed by large corporations, government agencies, and other organizations to prepare and analyze their financial statements. - Certified management accountants o Private accountants who, after rigorous examination, are certified by the National Association of Accountants and who have some managerial responsibility. - Financial accounting o Used by the company to report financial performance to any group outside the business - Managerial accounting o The internal use of accounting statements by managers in planning and directing the organization’s activities Ex- cash flow, budgets, operations, costing - Cash flow o The movement of money through an organization over a daily, weekly, monthly or yearly basis - Budget
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o The movement of money through an organization over a daily, weekly, monthly or yearly basis - Annual report o Summary of a firm’s financial information products and growth plans for owners and potential investors. - Assets o A firm’s economic resources or items of value that it owns, such as cash, inventory, land, equipment, buildings, and other tangible and intangible things. -
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Accounting Terms for test 2 - Accounting Terms for test 2...

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