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Accounting Chapter 1

TermDefinition
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 A licensed professional who has met certain education and experience requirements and passed a national test.
accountant (CPA) a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.
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 An organization that operates for purposes other than making a profit.
organization an organized body of people with a particular purpose, especially a business, society, association, etc.
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 A business that provides a variety of accounting services including the independent audit.
firm any company that seeks to make a profit by manufacturing or selling products or services – or both – to consumers.
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: ashipley250
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