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Chaper 1.2

Accouning

TermDefinition
Accounant 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.
For-Profit Business Operates to earn money for their owners.
Not-For-Profit Business Operate for other purposes than making a profit.
Public Accounting Firm Provides a clients a variety of accountant services including the independent audit.
Audit The review of a company's accounting system an financial statements to confirms that they follow the generally accepted accounting principals.
Certified Public Accountant An accountant who met a certain education and experiences requirement and passed a national test.
Created by: 333317
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