MGMT 1 Chapter Notes - Chapter 17: Cash Flow, Net Income, Institute Of Internal Auditors

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Accounting the recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions. Managerial accounting accounting used to provide information and analyses to managers inside the organization to assist them in decision making. Certified management accountant (cma) a professional accountant who has met certain educational and experience requirements, passed a qualifying exam, and been certified by the institute of certified management. Financial accounting accounting information and analyses prepared for people outside the organization. Annual report a yearly statement of the financial condition, progress, and expectations of an organization. Private accountant an accountant who works for a single firm, government agency, or nonprofit organization. Public accountant an accountant who provides accounting services to individuals or businesses on a fee basis. Certified public accountant (cpa) an accountant who passes a series of examinations established by the american institute of certified public.

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