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is an information and measurement system that identifies, classifies, records, and communicates relevant information to people to help them make better decisions. |
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To check of an organization's accounting systems and records using various tests, an accountant would perform an . |
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is the part of accounting that involves recording economic transactions and events, either electronically or manually (also known as record keeping). |
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The notion that every business is accounted for separately from its owner's personal activities is called the business principle. |
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Capital stock or is the name for a corporation's stock when only one class of stock is issued. |
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The chief accounting officer of an organization is called the . |
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A business that is a separate legal entity under federal laws with owners that are called shareholders is known as a . |
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accounting is a managerial accounting activity designed to help managers identify, measure and control operating costs. |
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Persons using accounting information who are not directly involved in the running of the organization; examples include shareholders, customers, regulators, and suppliers are called (EXTERNAL or INTERNAL) users. |
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Beliefs we have judging actions as right or wrong, fair or unfair, honest or dishonest are known as . |
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The area of accounting aimed at serving external users is called accounting |
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When the expenses for a company exceed the sales (revenues), the company will have a . |
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The amount a business earns after subtracting all expenses necessary for its sales is called , profits, or earnings. |
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A is a business that is owned by two or more people that is not organized as a corporation. |
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The amounts earned from selling products or services are called or sales. |
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consulting involves activities in which suggestions are offered for improving a company's procedures. |
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and are the four broad fields of accounting |
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are procedures set up to protect assets, ensure that accounting reports are reliable, promote efficiency, and ensure that company policies are followed. |
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The area of accounting aimed at serving internal users is called accounting. |
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Three common forms of business organizations are , and . |
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Ownership or equity of all corporations is divided into units called |
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