Answer the following questions based on what you have studied so far

Review Questions 1

C)Government accountants

B)Private accountants

Public accountants

Accountants

People who specialize in accounting are called accountants. There are three types ofaccountants.

a)

Public accountants set up their own businesses. They provide accounting services to companies and individuals. They have to gain experience and study hard for difficult exams in order to obtain the title of Certified Public

Accountant (CPA). Public accountants receive fees for their services.

Private accountants work for or are hired by private companies to look after the financial accounts of those companies.

Government accountants work for government agencies. They work in areas

such as taxation. Private and government accountants are paid by salary.

One of the main jobs of accountants is to examine or audit financial information. The accountant who does this work is called an auditor. Another important job of accountants is to work out the amount of tax an organization has to pay

To audit To audit means to officially examine accounts. Auditor An auditor is a person who officially examines an organization's accounts.  

a) Why is accounting called the 'language of business"?

______________________________________________________________

______________________________________________________________

b) What does the "standardized accounting system" mean?

______________________________________________________________

_____________________________________________________________

c) What is the difference between public and private accountants?

______________________________________________________________ ______________________________________________________________

d) What is a CPA?

__________________________________________________________

__________________________________________________________

e) What does an auditor do?

___________________________________________________________

___________________________________________________________

f) What is a potential investor?

___________________________________________________________

___________________________________________________________

g) What are the 6 processes carried out by accountants?

__________________________ _____________________

__________________________ _____________________

__________________________ _____________________

Дата добавления: 2014-12-23