Concepts
A major responsibility of owners and managers of an entity is internal control and the prevention of fraud.
Internal control
provides financial information about a business or a nonprofit organization.
Bussiness
Produce and manage financial records for small businesses, nonprofit organizations, and accounting firms.
Certified Bookkeeper (CB)
Seek to maximize profits while maximizing benefits to society and the environment, and the profits are principally used to fund social programs.
Social entity
owners/managers that obtain a lot of information from financial statements.
Financial statements
A trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.
Certified Public Accountant (CPA)
****** accounting services for others companies
Public accounting
the owner of one or more shares stock of a corporation,s capital stock
Stockholders
the recorded activities of a business entity should be kept separate from the recorded activities of its owner(s) and any other business entities.
Economic entity
involves tax compliance and tax planning.
An organization created by one or more individuals to carry out the functions of a business, and that maintains a separate legal existence for tax
Entity
The relationship between two or more people to do trade or business
Partneship
involves keeping financial records and preparing financial reports as part of the staff of federal, state, or local governmental unit
Governmental accounting
A person or company to whom money is owed.
Creditor
referred to as private accounting, involves working for a single business in industry. Managerial accountants perform a wide range of activiti
Managerial accounting