Shared Flashcard Set

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1 n 2 test
test
7
Accounting
12th Grade
09/04/2007

Additional Accounting Flashcards

 


 

Cards

Term
accountant
Definition
handles broad range of responsibilites, including making business decisions, and preparing and interpreting financial reports
Term
public accounting
Definition
firm provides accounting services to clients on a fee basis
Term
capital
Definition
money invested by owner
Term
profit
Definition
money earned over and above the amount spent to keep a business operating
Term
accounting system
Definition
concerned with process of recording and reporting financial information
Term
financial accounting
Definition
accounting for external users of accounting information
Term
managerial accounting
Definition
accounting for internal users of accounting info
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