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9 Cards in this Set
- Front
- Back
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Auditing |
The examination of financial statements by a certified public accountant in order to express an opinion as to the fairness of presentation. |
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Forensic accounting |
An area of accounting that uses accounting, auditing, and investigative skills to conduct investigations into theft and fraud. |
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Management consulting |
An area of public accounting ranging from development of accounting and computer systems to support services for marketing projects and merger and acquisition activities. |
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Private (or managerial) accounting |
An area of accounting within a company that involves such activities as cost accounting, budgeting, design and support of accounting information systems, and tax planning and preparation. |
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Public accounting |
An area of accounting in which the accountant offers expert service to the general public. |
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Taxation |
An area of public accounting involving tax advice, tax planning, preparing tax returns, and representing clients before governmental agencies. |
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Individual Assets |
Equipment, Land, Supplies, Cash |
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Individual Liabilities |
Interest payable, salaries and wages payable, accounts payable, notes payable |
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Individual stockholder's equity |
Salaries and wages expense, service revenue, dividends, retained earnings, and common stock |
