Information system that measures business activity, processes the data into reports, and communicates the results to decision makers.

Accounting is "the language of business."

Provides infromation for external decision makers, such as investors and lenders.

Financial accounting provides data for outsiders.

Focuses on information for internal decision makers, such as the company's managers.

Managerial accounting provides data for insiders.

Certified Public Accountants (CPA)