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Accounting Chapter 1

TermDefinition
Skills Activities that you do well.
Values The principals 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 all other people.
Personal Interest Tests Tests which help you identify your preferences.
Networking Making contacts with people to share information and advice.
Accountant A career that 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.
For-Profit Business Businesses who operate to earn money for their owners.
Not-for-Profit Organization Businesses who operate for purposes other than making a profit.
Public Accounting Firms Provide clients a variety of accounting services including the independent audit.
Audit The review of a company's accounting systems abd financial statements to confirm that they follow generally accepted accounting principals.
Certified Public Accountant (CPA) An accountant who has met certain education and experience requirements and passes a national test.