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Accounting Chapter 1
Accounting Chapter 1 Vocab
Term | Definition |
---|---|
Skills | Activities you do well. |
Values | Principles you live by and the beliefs that are important to you. |
Lifestyle | The way you use your time, energy, and resources. |
Personality | A set of unique qualities that makes us different from other people. |
Personal Interest Test | Helps you identify your preferences |
Networking | Making contacts with people to share information and advice. |
Accountant | Handles broad range of responsibilities, makes nosiness decisions |
Accounting Clerk | Entry level job that can vary from specializing in one part of the system to doing wide range of tasks. |
For-profit business | Operate to earn money for their own owners. |
Non-profit organizations | Operate for purposes other than their own benefit. |
Public accounting firms | provide clients a verity of accounting services a independent audit. |
Audit | Is a review of a company's accounting systems and financial statements to confirm they follow generally accepted accounting principles. |
CPA (Certified public accountant) | A accountant who has met certain education and experience requirements and passed a national test. |