ACG 2071 Chapter Notes - Chapter 1: Financial Accounting Standards Board, Certified Financial Planner, International Financial Reporting Standards
Document Summary
Accounting- the information system that measures business activies, process the information into reports, and communicated the results to decision makers. It is also known as the language of business, so the better you can manage your own business, be a valuable employee, and make wise investments. Financial accounting- provides information for external decision makers, such as outside investors, lenders, customers, and the federal government. Managerial accounting- focuses on information for internal decision makers, such as company"s managers and employees. Certified public accounts(cpas)- licensed professional accountants who serve the general public. Usually work for accounting firms, businesses, government entities, or educational institutions. To become a cpa you must obtain a chartered global management accountant designation, this distinguishes accountants who have advanced knowledge in finance, operations, strategy, and management. The american institute of certified public accountants (aicpa web site contains information about becoming a cpa, cgma, career opportunities, and exam requirements.
