Types of Accounting Flashcards
is required, chooses, to prepare a financial statement
Entity or Reporting Entity
it involves the accumulation and communication of information used by internal users
Management Accounting
services to client matters
Management Advisory Service
it refers to the accounting for the government and its instrumentalities
Government Accounting
involves inspection of financial statement or business process, with established criteria
Auditing
preparation of tax returns, and rendering tax advice
Tax Accounting
Tax activities, with the law or the constitution
Taxation
it is the systematic recording, analysis of the cost of materials, labor, and overhead incidents to goods and services
Cost Accounting
refers to teaching accounting and accounting-related subjects in an organized learning environment
Accounting Education
pertains to the careful analysis of economic events and other variables to understand their impact on decision, broad range of topics.
Accounting Research
failure to file tax returns result in imprisonment and penalty for not less than _
Not less than 6 years, and not more than 10 years
the most common form of am audit opinion
Independent Auditors
is an activity where goods and services in exchange for money
Business
a person who engaged in business is called
Entrepreneurs and Businessman
is a business that is owned by only one individual, the most common and simplest form of business organization
Sole Proprietorship
a sole proprietorship is registered with the
Department of Trade and Industry
is a business owned by two or more individuals who entered into a contract to carry on the business and divide among themselves their earnings
Partnership
a partnership is registered in
Securities and Exchange Commission
ownership is represented by
Shares of Stocks
a corporation is an _, separate from its owners
Artificial Being
