| A | B |
|---|
| Accounting | A system of dealing with financial information that provides information for decision-making |
| Auditing | The examination and testing of the books, records, and procedures of a business in order to express an opinion about its financial statements |
| Bookkeeping | A part of accounting that is concerned with rountine events |
| Transactions | Events recorded in an accounting systems |
| Corporation | A limited company |
| Merchandising Business` | A retailer |
| Insiders | The owners, managers and executive group of a company who have access to information not available to others |
| Accounting Cycle | The total set of accounting procedures that must be carried out during each fiscal period |
| CICA | The Canadian Institute of Chartered Accountants |
| CMA | regarded as experts in cost accounting and industrial accounting |
