AFM131 Chapter Notes - Chapter 16: Bookkeeping, Forensic Accounting, Financial Statement

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AFM131 Full Course Notes
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AFM131 Full Course Notes
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Forensic accounting is a new area of accounting that focuses its attention on fraudulent. The primary users of government accounting information are citizens, special interest groups, Accounting system: the inputs to an accounting system include sales documents and other. Private accountants work for a single firm, government agency, or non-profit organization. Public accountants provide their services to individuals or businesses on a fee basis. The importance of accounting and financial information: records. They"re then put into summary financial statements such as the income statement and the balance sheet. (pg 249) Managerial accounting is used to provide information and analyses to managers within the organization to assist them in decision-making. Financial accounting is accounting information and analyses prepared for people outside the organization. They answer questions like should we lend money to this company and will it be able to pay it back? provide services like accounting, compliance, and offer professional advice. activity.

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