Study Guide, Introduction5COMPLETION1.Accounting is primarily an information system with three objectives - to , , and relevant to users for their decision-making needs. economic information that is 2.The four major employment fields in accounting are , , , and . 3.Financial accounting information generally relates to a company as a and is usually in nature. 4.Accounting deals primarily with information regarding activities of a business and is expressed in terms. 5.Accountants who offer their services solely to a single profit-seeking organization are said to be inor accounting. 6.An independent, professional accountant, licensed by the state to practice as a certifiedpublic accountant (CPA), may offer clients three types of services, namely, , , and services. 7.The decisions that must be made by the management of a business generally fall intofour major categories: (a) , (b) (c) , and (d) decisions. That part of the accounting discipline called upon to provide information for such internal decision making is called accounting. 8.The two tests that information supplied by managerial accountants must meet are: a.b.9.The dominant influence over the past half century in the development of financialaccounting standards is the . 10.The Public Companies Accounting Oversight Board is overseen by the . 11.The major influence in the private sector in the development of new governmentalaccounting concepts and standards is the . 12.An accountant's most valuable asset is his or her . 13.Accountants in practice have generally been dissatisfied with accounting students’ability to think _and to their ideas effectively inwriting or orally.