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Accounting Chapter 1

TermDefinition
Accountant A person who handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports
Accounting clerk An entry-level job that can vary from specializing in one part of the system to doing a wide range of tasks
Audit The review of a company's accounting systems and financial statements to confirm that they follow generally accepted accounting principles
Certified Public Accountant (CPA) A licensed professional who has met certain education and experience requirements and passed a national test
For-profit Business A business that operates to earn money for its owners
Lifestyle The way a person uses time, energy, and resources
Networking Making contacts with people to share information and advice
Not-for-profit Organization An organization that operates for purposes other than making a profit
Personal Interest Tests Tests that help individuals to identify their preferences and to match interests to potential careers
Personality A set of unique qualities that makes a person different from all other people
Public Accounting Firm A business that provides a variety of accounting services including the independent audit
Skills The activities that a person does well
Values The principles a person lives by and the beliefs that are important to the person
Created by: jcorbin15
Popular Accounting sets

 

 



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