| A | B |
|---|
| accounting | Planning, recording, and analyzing financial information |
| accounting systems | A planned process for providing financial information to management |
| accounting records | Organized summaries of a business' financial activities |
| Financial Accounting | Recording of financial activities and preparation of reports |
| Managerial Accounting | The analysis, measurement, and interpretation of financial information |
| Cost Accounting | The determination and control of costs of a business |
| Tax Accounting | The preparation of tax returns as well as tax planning |
| Auditing | Independent reviewing and issuing of an opinion on the reliability of accounting records |
| Auditor | A person who examines financial records for GAAP |
| 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 |
| 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, owned by many |
| Share of stock | Each unit of ownership in a corporation |
| Capital Stock | Total share of ownership in a corporation |
| Stockholder | An owner of one or more shares of a corporation |
