Accounting

The definition of accounting is: The classifying and ....of financial events and transactions to provide management and other interested parties the information they need to know to make good decisions.

• Adjusting, analyzing and recording

• Recording, explaining, interpreting

• Recording, summarizing and interpreting

• All of the above

It's the Area of accounting that is used to provide information and analyses to mangers within the organization to assist them in decision making.

• Private accountant

• Certified management accountant (CMA)

• Financial accounting

• Managerial Accounting

According to the accounting cycle the first THREE steps are:

• Analyze source documents, Record Transactions in Journal, Transfer journal entries to ledger.

• Take a trial balance, Prepare Financial statement, make decision

• Analyze financial statements, analyze accounting decisions.

• Record transactions into journals, prepare balance sheet.

An accountant who passes a series of examination established by the American institute is called

• Auditor

• Managerial accountant

• Certified Public Accountant

• None of the Above

According to the accounting cycle “ Preparing Financial Statement” is step number

• 1

• 3

• 5

• 6