MGTA02H3 Lecture : chapter 4
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MGTA02H3 Full Course Notes
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Document Summary
Accounting a comprehensive system for collecting, analyzing, and communicating financial information. Accounting information system (ais) an organized procedure for identifying, measuring, recording, and retaining financial information so that it can be used in accounting statements and management reports. Controller the individual who manages all the firm"s accounting activities. Financial accounting system the process whereby interested groups are kept informed about the financial condition of a firm. Managerial accounting internal procedures that alert managers to problems and aid them in planning and decision making. Chartered accountant an individual who has met certain experience and education requirements and has passed a licensing examination; acts as an outside accountant for other firms. Cga an individual who has completed an education program and passed a national exam; works in private industry or a cga firm. Cma an individual who has completed a university degree, passed a national examination, and completed a strategic leadership program; works in industry and focuses on internal management accounting.
