MGMT 1 Chapter Notes - Chapter 17: Financial Statement, Accountant, Accounting Information System
7 Dec 2016
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Accounting: the recording, classifying, summarizing, and interpreting of financial events and transactions in an organization to provide management and other interested parties the financial information they need to make good decisions about its operations. Managerial accounting: provides information and analysis to managers inside the organization to assist them in decision making. Certified management accountant (cma): a professional accountant who has met certain educational and experience requirements, passed a qualifying exam, and been certified by the institute of certified management accountants. Financial accounting: accounting information and analyses prepared for people outside the organization. Annual report: a yearly statement of the financial condition, progress, and expectations of an organization. Private accountant: an accountant who works for a single firm, government agency, or nonprofit organization. Public accountant: an accountant who provides accounting services to individuals or businesses on a fee basis. Auditing: the job of reviewing and evaluating the information used to prepare a company"s financial statements.
