| A | B |
|---|
| Accounting | Planning, recording, analyzing, and interpreting financial information. |
| Accounting System | A planned process for providing financial information that will be useful to management. |
| For-Profit Business | A business that operates to earn money for their owners. |
| Accountant | A person who plans, summarizes, analyzes, and interprets accounting information. |
| Public Accounting Firm | A business selling accounting services to the general public. |
| Private Accountant | An account who is employed by a single business. |
| Bookkeeper | A person who does general accounting work plus some summarizing and analyzing of accounting information. |
| Accounting Clerk | A person who records, sorts, and files accounting information. |
| Free enterprise system | People are free to produce the goods and services they choose. |
| Not-for-Profit Organizations | These operate for purposes other than making a profit. |
| Audit | The review of a company's accounting systems and financial statements to confirm that they follow generally accepted accounting principles. |
| Certified Public Accountant | One who has met certain education and experience requirements and pass a national test. |
| Entrepreneur | A person who transforms ideas for products or services into real-world businesses. |
| Capital | Money that investors, banks, or business owners suppply. |
| Sole Propretorship | A business owned by one person. |
| Partnership | A business owned by two or mor persons. |
| Corporation | A business recognized by law to have a life of it won. |
| Generally Accepted Accounting Priciples | Rules that are required to be followed by accountants. |
| Financial Report | Summarized information about the financial status of a business. |
| Accounting Period | A period of time covered by an accounting report. |
