BUS-A 201 Chapter Notes - Chapter 4: Chartered Professional Accountant, Bookkeeping, Salary
Document Summary
Accounting - a comprehensive system for collecting, analyzing, and communicating financial information. Accounting information system - organized procedure for identifying, measuring, recording, and retaining financial information for use 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 (or management) accounting - internal procedures that alert managers to problems and aid them in planning and decision making. Chartered professional accountant (cpa) - the banner (designation) that is being used to unify the accounting profession in canada. Chartered accountant (now cpa) - an individual who has met certain experience and education requirements and has passed a licensing examination; acts as an outside accountant for other firms. Certified general accountant - an individual who has completed an education program and passed a national exam; works in a private industry or a cga firm.
