University:
Boise State University
Course:
BUSMGT 315 | Foundations Of Management
Academic year:

2023
Views:

207

Pages:

2
Author:

Douglas Atkins

1. Accounting offers us insight into whether the business is financially sound. 2. Although accounting has several specific uses, the overall purpose of accounting can be summarized as: 3. To provide financial information that is useful to decision makers. 4. Which of the following responses is the best and most comprehensive? A company's accounting information is useful to _____________. 5. Managers, owners, creditors, employees, and the government 6. The accounting profession is divided into 5 key working areas, two of which are: 7. Auditing and managerial accounting. 8. The area of accounting that provides managers inside the organization with information they need to make decisions is called: 9. Managerial accounting. 10. The preparation of financial statements for people outside the firm (creditors, unions, suppliers, and others) is the goal of: 11. Financial accounting. 12. _________ is a yearly published statement of the financial condition, progress and expectations of an organization. 13. annual report 14. Important provisions of the Sarbanes-Oxley Act: 15. Require the CEO and CFO of corporations to certify the accuracy of financial reports. 16. Jose just graduated from college with a bachelor's degree in accounting. He plans to go to work for the American Cancer Society as an accountant. Jose will be a(n): 17. private accountant.

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