Financial Accounting

  • Accounting
    Flash cards (56)
    financial accounting systems
    must follow GAAP rules
    creditors & shareholders
    financial accounting develops reports for external parties such as...
    controlling role of management
    when managers evaluate the companies performance compared to the plan, they are performing the...
    decision makers inside a company
    financial accounting
    provides information on a company"s past performance to external parties
    managerial accounting systems
    not restricted by GAAP
    planning function of management
    choosing goals & the means to achieve them is the...
    managerial accounting systems
    report on various segments or business units of the company
    financial accounting statements...
    of public companies are audited annually by CPA's
    potential shareholders
    loan officer at a company's bank
    manager of the sales department
    bookkeeping department
    managers at regional offices
    IRS agent

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