ADM 1101 : Session 10- Accounting.docx

• School: University of Ottawa
• Department: Administration
• Course: ADM 1101
• Professor: All

Document Summary

Session 10: accounting: accounting: process of measuring, interpreting and communicating financial info to support internal and external business decision-making. Accounting professionals: public accountant: an accountant who provides accounting services to other organizations, makes sure that the external accounts are valid via auditing, ca (chartered accountant), cga, and cpa (certified pro. Cma"s (certified management accountant) aren"t allowed to audit: management accountants: provide timely, relevant, accurate, and concise information that executives can use to operate their firms profitably and effectively, cma"s. These standards allow for financial statements to be more easily compared from country to country. Want these standards: senior execs must personally certify that the financial info reported by the company is correct, corruption of foreign public officials act: a federal law that prohibits. Canadian citizens and companies from bribing foreign officials to win or continue business: statements must be signed by a certified accountant to confirm that the statement is true.