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How many methods of accounting were developed in response to climate change?
What is two methods?
This is the full term of the acronym: GAAP
What is Generally Accepted Accounting Principles?
This type of accountant records, evaluates and reports financial transactions for organizations. They are responsible for financial transaction such as tax returns and accounting records. Their main task is making sure that all the financial transaction are correct
What is a CPA?
This sector collaborates by helping accounting maintain and manage their records.
Who is information and technology systems?
The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions
What is accounting?
Two Key Networking Resources
What is Handshake and LinkedIn?
This organization created the Generally Accepted Accounting Principles
What is the Financial Accounting Standards Board (FASB)?
This job creates and reviews accounting and business transaction records. They need to know how to create data sheets that are readable but do not need to know how to analyze and draw conclusions from the data
What is an accounting clerk?
This department comes to accounting for budgeting for product campaigns
Who is marketing?
The recording of business transactions
What is bookkeeping?
Financial statement that reports a firm's financial condition at a specific time and is composed of three major accounts: assets, liabilities, and owner's equity.
What is a balance sheet?
The agency of the U.S. government that oversees U.S. financial markets and accounting standard-setting bodies.
What is the Securities and Exchange Commission (SEC)?
This type of accountant analyzes reports and records and compare them with public records to maintain accuracy in their financial transactions like paying taxes. They also help communicate financial information for individuals, organizations, and governments
What is an auditor?
Accounting works with this sector on carrying out payrolls
Who is human resources?
A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced
What is a trial balance?
The typical minimum GPA employers will consider on a resume
What is a 3.3 GPA?
The major organization of the standard-setting structure for financial accounting, mission is to establish and improve standards of financial accounting and reporting.
What is the Financial Accounting Standards Board (FASB)?
This type of accountant creates financial plans for an organization to make sure the company will continue to succeed. They share many of their duties with the CFO like preparing budgets and developing reports. In small businesses, this job and the CFO are the same position
What is a controller?
Both accounting and this department deals with flow of money and assets. Accounting deals with more day-to-day activities while this department is more focused on long term goals.
Who is finance?
A six-step procedure that results in the preparation and analysis of the major financial statements
What is an accounting cycle?
The Four Requirements to become a CPA
What is a high school diploma, college degree (150 college credit hours), a year of work experience, and CPA certification?
A set of rules and practices, having substantial authoritative support, that the accounting profession recognizes as a general guide for financial reporting purposes.
What is the Generally Accepted Accounting Principles (GAAP)?
This accountant is a senior executive who oversees all the financial and accounting activities in a business. They are one of the highest positions in business and are responsible for duties like tracking transactions, making financial plans and offering advice for improving finances. They report directly to the CEO
What is a CFO?
Accounting works with department by helping keep track of inventory and provide information that helps them control the flow of supply.
Who is supply chain management?
The practice of writing every business transaction in two places
What is double-entry bookkeeping?