MGM102H5 Chapter Notes - Chapter 10: Financial Accounting, Accounting Information System, Financial Statement
Document Summary
Financial information is the heartbeat of competitive business. Accounting recording, classifying, summarizing, and interpreting of financial events to provide management and other interested parties the information they need to make good decisions. Purpose of accounting is to help managers evaluate their operating performance so they can make well-informed decisions and to help outsiders (i. e. creditors, investors, etc. ) Chartered accountant (ca) accountant who has met the. Accounting designations: examination, education, and experience requirements of the. Certified management accountant (cma) an accountant who has met the examination, education, and experience requirements of the smac. Certified general accountant (cga) - an accountant who has met the examination, education, and experience requirements of the. Private accountants an accountant who works for a single firm, government, agency, or non-profit organization. Public accountant an accountant who provides his or her accounting services to individuals or businesses on a fee basis. Forensic accounting accounting that focuses its attention on fraudulent activity.
