Ch 1 accounting intro

A public accountant who achieves professional recognition by meeting certain educational requirements and passing a uniform examination

• Bookkeeper

• Accounting Clerk

• CPA (Certified Public Accountant)

Entering financial information about events into the accounting system

• Journalizing

• Recording

• Posting

Accountant who oversees the entire accounting process and is the principal accounting officer of the company

• CPA

• bookkeeper

• Controller

Accountant who prepares various reports and financial statements to help in analyzing operating, investing and financial decisions

• Financial Accountant

• Tax Accountant

• Auditor

Accountant who focuses on tax planning, preparation of tax returns, and dealing with the IRS

• Financial Accounant

• Tax Accountant

• Controller

An employee who records, sorts and files accounting information - may do payroll, acct rec or acct pay, inventory or purchases

• Auditor

• Accounting Clerk

• Bookkeeper

A business that is owned by one person

• Sole Proprietorship

• Partnership

• Corporation

Telling the results of the accounting information

• Recording

• Reporting

• Posting

Includes fraud detection, fraud prevention, litigation support, business valuations, expert witness services, and other investigative activities

• Tax Accountant

• CPA

• Forensic Accountant

Rules which firms are required to follow when preparing financial statements (and accounting in general)

• Generally Accepted Accounting Principles (GAAP)

• Tax Laws

• Amendments