Fundamentals of ABM - 1

These refer to those who had passed the licensure examination for accountants.

• Certified Management Accountants

• Certified Public Assistants

• Certified Public Accountants

• Chicken Pork Adobos

The following are public accounting services except:

• External Auditing

• Internal Auditing

• Tax preparation and planning service

• Management advisory services

It involves setting up systems of recording business transactions that are aggregated into financial statements.

• Public Accounting

• Government Accounting

• Private Accounting

• Accounting Education

It is an area in public accounting that involves financial planning and control, and the development of accounting and computer systems.

• Tax preparation and planning service

• External Auditing

• Management Consulting

• All of the above

They provide the detective work needed to investigate and examine evidence of white-collar financial crimes such as stealing and fraud.

• Forensic accountants

• Information Technologists

• Environmental accountants

• None of the above

It collects and processes transaction data.

• Tax accounting

• Internal auditing

• Accounting information system

• Budgeting

It focuses on accumulating manufacturing costs for financial reporting and decision-making purposes.

• Budgeting

• Cost accounting

• Tax accounting

• Financial accounting

It provides a detailed collection and reporting of the expenditures and revenues involved in a business or company operations.

• Cost accounting

• Budgeting

• Financial accounting

• Accounting information system

He/she is a salaried employee who deals with the company's day-to-day accounting needs.

• Certified public accountant

• Private accountant

• Budget officer

• Cost accountant

This branch of accounting is responsible for training future accountants.

• Public Accounting

• Private Accounting

• Government Accounting

• Accounting Education