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accounting chapter 1
| Term | Definition |
|---|---|
| accountant | a subdivision under assets, liabilities, or owners' equity that summarizes the changes and shows the balance for a specific point in time |
| accounting clerk | an entry level job that can vary from specializing in one part of the system to doing wide range of tasks |
| audit | the review of a company's accounting system and a financial statement to confirm that they follow generally accepted accounting principals. |
| 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 shar information and advice |
| not-for-profit organization | An organization that operates for purpose other than making a profit |
| personal interest tests | test that helps 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 activity's a person does well |
| values | the principals a person lives by and the beliefs that are important to the person |
Created by:
ghardman29