Intro to Business Chapter 17

The recording,classifying,summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions.

Accounting used to provide information and analyses to managers within the organization to assist them in decision making

A professional accountant who has met certain educational and experience requirements,passed a qualifying exam in the field, and been certified by the institure of certified management accountants

Accounting information and analyses prepared for people outside the organization

A yearly statement of the financial condition, progress, and expectations of an organization

An accountant who works for a single firm government agency or nonprofit organization

An accountant who provides accounting serivices to individuals or businesses on a fee basis

An accountant who passes a series of examinations established by the american institute of certified public accountants

The job of reviewing and evaluating the records used to prepare a company's financial statements

An accountant who has a bachelors degree and two years of experience in internal auditing, and who has passed an exam admisitered by the institute of internal auditors

An evalutaion and unbiased opinion about the accuracy of a companys financial statements

An accountant trained in tax law and responsible for preparing tax returns or developing tax strategies

Accounting systems for organizations whose purpose is not generating a profit but serving ratepayers,taxpayers,and other according to a duly approved budget.

A six step procedure that results in the preparation and analysis of the major financial statements

The recording of business transactions