| 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. |
| accountant | A person who plans, summarized, analyzes and interprets accounting information. |
| public accounting firm | A business selling accounting services to the general public. |
| private accountant | An accountant who is employed by a single business. |
| bookkeeper | A person who does genel accounting work plus some summarizing and analyzing of accounting information. |
| accounting clerk | A person who records, sorts, and files accounting information. |
| general office clerk | A person who does general kinds of office tasks, including some accounting tasks. |
| ethics | The principles of right and wrong that guide an individual in making decisions. |
| business ethics | The use of personal ethics in making business decisions. |
| Assets = Liabilities + Owners Equity | The Accounting Formula |
| Land, Cash, Equipment | Assets |
| Payroll, Insurance, Utilities | Liabilities |
| Investment, Revenue, Expenses | Owners Equity |
