Accounting 101
What is the purpose of financial accounting?
To help external users make investing and lending decisions
Which type of accounting is audited by external CPAs
Financial Accounting
What is the purpose of Managerial accounting
To maximize profit and minimize losses
Have you heard the joke about the fun accountant?
Me neither
What did the accountant say while getting on the train?
Mind the GAAP
Who is the best accounting teacher?
Demi!