Question
Match the terms on the left with the descriptionson the right. Each description should be used only once. Term Financial accounting Management accouting Financial reporting
Match the terms on the left with the descriptionson the right. Each description should be used only once.
Term
Financial accounting
Management accouting
Financial reporting
Financial statements
General-purpose assumption
Integrity
Internal control
Public accounting
Bookkeeping
Description
a. The procedural aspect of accounting that involves keeping detailed records of business transactions, much of which is done today by computers.
b. A board term that describes all information provided to external users, including but not limited to financial statement.
c. An important quality of accounting information that allows investors, creditors, management, and other users to rely on the information.
d. The segment of the accounting profession that relates to providing audit, tax, and consulting services to clients.
e. Procedures and processes within an organization that ensure the integrity of accounting information.
f. Statement of financial position (balance sheet), income statement, statement of cash flows.
g. The fact that the same information is provided to various external users, including investors and creditors.
h. The area of accounting that refers to providing information to support internal management desicions.
i. The area of accounting that refers to providing information to support external investment and credit decision.
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