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Accounting Chapter 1
| Term | Definition |
|---|---|
| Accountant | A person who handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports |
| Accounting clerk | An entry-level job that can vary from specializing in one part of the system to doing a wide range of tasks |
| Audit | The review of a company's accounting systems and financial statements to confirm that they follow generally accepted accounting principles |
| Certified Public Accountant (CPA) | A licensed professional who has met certain education and experience requirements and passed a national test |
| For-profit Business | A business that operates to earn money for its owners |
| Lifestyle | The way a person uses time, energy, and resources |
| Networking | Making contacts with people to share information and advice |
| Not-for-profit Organization | An organization that operates for purposes other than making a profit |
| Personal Interest Tests | Tests that help individuals to identify their preferences and to match interests to potential careers |
| Personality | A set of unique qualities that makes a person different from all other people |
| Public Accounting Firm | A business that provides a variety of accounting services including the independent audit |
| Skills | The activities that a person does well |
| Values | The principles a person lives by and the beliefs that are important to the person |
Created by:
jcorbin15
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