SMG SM 131 Lecture Notes - Lecture 3: Ice Core, Investment Banking, Cash Flow

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Jim Freeman

Document Summary

Accounting: what do businesses do, accounting: , companies provide solutions to things we need/want. Recording, classifying, summarizing, and interpreting of financial events and transactions in an organization to provide interested parties with financial information. Interested a: accounting system, 5 working areas of accounting, financial accounting: . Financial info and analysis for people outside organization. they are interested in: i. ii. iii. How much debt does it owe: managerial accounting: . Operations: auditing and tax : auditing financial . Cost of production; costs of marketing ; preparation and control of budgets; minimize tax liabilities. Independent auditor: transactions of a company he is not associated with. used to avoid conflicts of interest and ensure integrity. Tax accountants: trained in tax law. responsible for preparing tax returns and tax strategies. Accountant that examines financials and business i. i. ii. iii: governmental/not for profit: .