MGTA02H3 Chapter 4: Chapter 4 Notes
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MGTA02H3 Full Course Notes
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Www. notesolution. com information so that it can be used in accounting statements: users of accounting information include business managers, employees and unions, investors and creditors, taxing authorities, government regulatory agencies. Financial accounting: 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 accountants: acts as an outside accountant for other firms. Cga: works in private industry or a cga firm. Cma: works in industry and focuses on internal management accounting. Tax services: helping clients not only with preparing their tax returns but also in their tax planning. Management consulting services: specialized accounting services to help managers resolve a variety of problems in finance, production scheduling and other areas. Private accountant: an accountant hired as a salaried employee to deal with a company"s day- to-day accounting needs. Asset: anything of economic value owned by a firm or individual.
