| 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 |
| accounting records | organized summaries of a business' financial activities |
| financial accounting | the recording of a business' financial activities and the periodic preparation of financial reports |
| managerial accounting | the analysis, measurement, and interpretation of financial accounting information |
| cost accounting | the determination and control of costs of a business enterprise |
| tax accounting | the prepaaration of tax returnsas well as tax planning |
| auditing | the independent reviewing and issuaing of an opinion on the reliability of accounting records |
| auditor | a person who examines the recoreds which support the financial records of a business to assure that generally accepted accounting principles (GAAP) are being followed |
| personal financial planning | assisting individuals in managing their personal investments |
| management advisory services | management advice provided to an organization by a public accountant |
| ethics | the principles of right and wrong that guide an individual in making decisions |
| proprietorship | a business owned by one person |
| partnership | a business in which two or more persons combine their assets and skills |
| corporation | an organization with the legal rights of a person and which may be owned by many persons |
| share of stock | each unit of ownership in a corporation |
| capitol stock | total shares of ownership in a corporation |
| sotckholder | an owner of one or more shares of a corporation |
