LINK 2: FORBES

Question 1

process of recording, classifying and summarizing financial transactions. It provides a clear picture of the financial health of your organization and its performance, which can serve as a catalyst for resource management and strategic growth.

Answer 1

accounting

Question 2

professional with a bachelor’s degree who provides financial advice, tax planning and bookkeeping services.

Answer 2

accountant

Question 3

type of professional accountant with more training and experience than a typical accountant. licensure examinations

Answer 3

cpa

Question 4

Their primary job is to help clients with their taxes so they can avoid paying too much or too little in federal income or state income taxes.

Answer 4

tax professionals

Question 5

This is the practice of recording and reporting financial transactions and cash flows.

Answer 5

financial accounting

Question 6

This focuses on the use and interpretation of financial information to make sound business decisions.

Answer 6

managerial accounting

Question 7

This is the process of tracking, analyzing and understanding the costs involved in a specific business activity.

Answer 7

cost accounting

Question 8

This is the act of tracking and reporting income and expenses related to your company’s taxes.

Answer 8

tax accounting

Question 9

Allows you to do basic tasks such as tracking inventory, invoicing and payments, and generating reports on sales and expenses.

Answer 9

accounting software

Question 10

popularly regarded as “the language of business” because it doesn’t just help you keep track of your money, but also helps you make informed decisions about your business.

Answer 10

accounting