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Law Chapter 1.

TermDefinition
Accountant a person whose job is to keep, inspect, and analyze financial accounts
Accounting clerk responsible for maintaining accurate financial records, processing transactions, and supporting the accounting department with administrative and bookkeeping tasks.
Audit an official inspection of an organization's accounts, typically by an independent body
Certified public accountant (CPA) licensed accounting professional who has met state-specific education, examination, and experience requirements, granting them authority to provide accounting services and attest to financial statements.
for-profit business an organization created and operated primarily to generate profit for its owners or shareholders, meaning its revenue must exceed its expenses to produce net income.
lifestyle type of enterprise designed to support the owner’s preferred way of living, prioritizing freedom, flexibility, and personal fulfillment over rapid growth or maximum profit.
Networking the action or process of interacting with others to exchange information and develop professional or social contacts
not-for-profit organization organization that operates to achieve social, charitable, or community objectives rather than to generate profits for owners or shareholders.
Personal Interest tests assessment designed to identify an individual’s likes, dislikes, and preferences across various activities, helping guide career and educational decisions.
Personality the human-like traits attributed to a brand, company, or individual that shape perception, behavior, and success
Public Accounting providing auditing, tax preparation, consulting, and financial reporting services to multiple external clients
firm business entity that combines resources like labor, capital, and materials to produce goods or services for profit while operating as a distinct economic and legal unit.
Skills a set of competencies—both technical and interpersonal—that enable professionals to perform effectively, solve problems, and contribute to organizational success.
Values guiding principles and core beliefs that shape how a company operates, makes decisions, and interacts with employees, customers, and stakeholders.
Created by: Kziolkowski27
 

 



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