Accounting Chapter 1: Introduction to Accounting
Terms to Know
- Skills are tasks and other things that you do well.
Values are what is important to you; principles you live by.
- An aptitude is something that you have natural ability for.
Lifestyle refers to personal choices that impact how you live. Your values will impact your lifestyle.
Personality is what makes a person who they are and will impact how one lives their life and how they appear to others.
Personality traits are individual aspects of your personality; shy vs outgoing, quiet vs loud, etc.
Careers in Accounting:
must communicate well so they can share information with people who have no
accountant: records financial activities; prepares financial reports to
show company’s financial stability
- Managerial accountant:
analyzes and interprets financial accounting information to help make
- Cost accountant:
analyze and control business costs for operations and manufacturing
- Tax accountant:
prepare tax returns (for people and businesses); do tax planning
- Systems accountant:
design accounting systems that track and report on a businesse's finances
- Auditor: studies a
business’s accounting records for accuracy and reliability
- Personal financial
planners: help people manage their personal investments
- Private accountant:
works for one business only
- Public accountant: does account at