ACCOUNTING ORGANIZATIONS
This professional accounting organization publishes a handbook of Canadian accounting rules and standards.
Canadian Institute of Chartered Accountants (CICA)
What type of business buys and resells goods for profit?
a merchandising business
Who ensures compliance with International Financial Reporting Standards?
an accountant
What is the recurring set of accounting procedures during each period?
the accounting cycle
Name the professional accounting organization known for its distance education.
the Certified General Accountants Association
What type of business sells services and doesn't make products?
a service business
Who records accounting entries in the books?
an accounting clerk
What process involves examining and testing business records?
auditing
Which organization emphasizes management accounting?
the Society of Management Accountants
What type of business converts raw materials into new products?
a manufacturing business
These professionals offer their services as accountants to the general public, providing auditing, tax, and consulting services.
Public Accountants
What formal accounting data is prepared annually?
financial statements
What tool is ideal for use in an accounting environment?
a computer