Term
|
Definition
| comprehensive system for collecting, analyzing, an communicating financial information |
|
|
Term
|
Definition
| recording of accounting transactions |
|
|
Term
|
Definition
| organized procedure for identifying, measuring, recording, and retaining financial information for use win accounting statements and management reports |
|
|
Term
|
Definition
| person who manages all of a firm's accounting activities (chief accounting officer) |
|
|
Term
|
Definition
| field of accounting concerned with external users of a company's financial infromation |
|
|
Term
| managerial (management) accounting |
|
Definition
| field of accounting that serves internal users of a company's financial information |
|
|
Term
| certified public accountant (CPA) |
|
Definition
| accountant licensed by the state and offering services to the public |
|
|
Term
|
Definition
| systematic examination of a company's accounting system to determine whether its financial reports reliably represent its operations |
|
|
Term
| generally accepted accounting principles |
|
Definition
| accounting guidelines that govern the content and form of financial reports |
|
|
Term
|
Definition
| assistance provided by CPAs for ta preparation and tax planning |
|
|
Term
| management advisory services |
|
Definition
| assistance provided by CPA firms in areas such as financial planning, information systems design, and other areas of concern for client firms |
|
|
Term
| core competencies for accounting |
|
Definition
| the combination of skills, technology, and knowledge that will be necessary for the future CPA |
|
|
Term
|
Definition
| salaried accountant hired by a business to carry out its day-to-day financial activities |
|
|
Term
|
Definition
| private accountant who provides financial services to support managers in various business activites within a firm |
|
|
Term
| certified management accountant (CMA) |
|
Definition
| professional designation awarded by the Institute of Management Acountants in recognition of management accounting qualifications |
|
|
