Details

Title: 1 n 2 test

Description: test

Total Flash Cards: 7

Created: 09/04/2007 11:51:03

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Additional Accounting Flashcards

Cards in this set:

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