occupations
A designation that assures an individual possess the level of knowledge and skill needed to carry out all key functions through the adjusted trial balance, including payroll
Certified Bookkeeper
A publicly or privately owned business entity that is separate from its owners and has a legal right to own property and do business from its own name; stockholders are not responsible for debts or taxes of the business
Corporation
A business or organization while major purpose is a profit for its owners
Economic Entity
Certificates that represent ownership of a corporation.
Stock
Auditing is the review of financial statements to assess their fairness and adherence to generally accepted accounting principles. Accountants who are CPAs perform financial audits.
Auditing
An independent accountant who provides accounting services to the public for free.
Certified Public Accountant
one to whom money is owed.
Creditor
A business entity owned by one person, who is legally responsible for the debts and taxes of the business.
Sole proprietorship
International or reckless acts that result in the confiscation of a firm's assets or the misrepresentation of the firm's accounting data.
Fraud
An independent accountants review of a firm's financial statements
Auditor’s report
The owners of a corporation; also called shareholders.
Stockholders
A business entity owned by two or more people who carry on a business for profit and who are legally responsible for the debts and taxes of the business
Partnership
Anything having to its own separate identities, such as an individual, a town, a university, or a business.
Entity
Designed to accumulate data about a firm's financial affairs, classify the data in a meaningful way
Accounting system
An explanation of a topic under consideration by the financial accounting standards board.
Discussion memorandum
Member of firms that perform accounting services for other companies.
Public accountants
A company’s policy and procedures to safeguard assets, ensure the reliability of accounting data, and promote compliance with management policies and applicable laws.
Internal Control
A nonprofit organization, such as a city, public school, or public hospital.
Social entity
The process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated to owners, and managers
Accounting
Periodic reports of a firm’s financial position or operating results.
Financial statements
Management advisory services involve helping clients improve their information systems or their business performance.
Management advisory services
A publicly or privately owned business entity that is separate from its owners and has a legal right to own property and do business from its own name; stockholders are not responsible for debts or taxes of the business
Corporation
The concept that a business is separate from its owners; the concept of keeping a firm’s financial records separate from the owner’s personal finance records
Separate entity assumption
A proposed solution to a problem is being considered by the Financial Accounting Standards board.
Exposure draft
Governmental accounting involves keeping financial records and preparing financial reports as part of the staff of federal, state, or local governmental units.
Governmental accounting