financial accounting - information on a companys past performance is provided to external parties by
(Man or Fin?)
Managerial accounting -
... [Show More] systems are chosen by comparing the costs versus the benefits of the system and are not restricted by GAAP
(Man or fin?)
Managerial Accounting - systems report on various segments or business units of the company
(Man or Fin?)
Financial accounting develops reports for external parties such as _____ and _____ - creditors and shareholders
controlling - when managers evaluate the companys performance compared to the plan, they are performing the ____ role of management
Financial accounting - CPAs audit the ______ statements of public companies
planning - choosing goals and the means to achieve them is the ______ function of management
managers - decision makers inside a company are the
reporter from the wall street journal - financial accounting info
regional division managers - managerial accounting info
potential investorss - financial accounting info
bookkeeping department - financial info
manager of the service dept - managerial info
wall street analyst - fin info
division controller - both fin/ man
state tax agency auditor - fin info
external auditor - fin info
loan officer at the companys bank - fin info
board of directors - both fin/man
internal auditor - both fin/man
sec examiner - fin info
current stockholders - fin info
confidentiality - keep info confidential except when disclosure is authorized of legally required
credibility - disclose all relevant infor that could resonably be expected to influence an intended users understanding of the reports, analyses or recommendations
credibility - Disclose delays or deficiencies in information, timeliness, processing, or internal
Credibility
controls in conformance with organization policy and/or applicable law.
credibility - communicate info fairly and objectively
confidentiality - Refrain from using confidential information for unethical or illegal advantage.
confidentiality - Inform all relevant parties regarding the appropriate use of confidential
information. Monitor subordinates' activities to ensure compliance.
integrity - Mitigate actual conflicts of interest. Regularly communicate with business associates to avoid apparent conflicts of interest. Advise all parties of any
potential conflicts
competence - Maintain an appropriate level of professional expertise by continually developing
knowledge and skills
competence - recognize and communicate professional limitations that would preclude responsible judgment or successful performance of an activity
competence - perform professional duties in accordance with relevant laws, regulations and technical standards
integrity - abstain from engaging in or supporting any activities that may discredit the profession
integrity - refrain from engaging in any conduct that would prejudice carrying out duties ethically
competence - provide decision support information and recommendations that are accurate, clear, concise and timely
the ____ is geared toward producing periodic financial statements that will be used and creditors to make investment and lending decisions - financial accounting system
critical thinking - improves the quality of thought by skillfuly analyzing, assessing and reconstructing initial thoughts
six sigma - the goal of producing near perfection with less than 3.4 defects per one million opportunities is called ____
treasurer - the ___ is the person responsible for raising the firms capital and investing its funds
economic, environmental and social - the 3 pillars of sustainability are
internal audit - the role of the ___ function is to ensure that the companys internal controls and risk management policies are functioning properly
Sarbanes- oxley act of 2002 - the ____ was enacted to restore trust in publicly traded corporations, their management, their
financial statements, and their auditors.
integrated report - ____ is a broad holistic report that describes all material elements of value creation, not just the
financial elements.
controlling - is the management process of evaluating the results of business operations against the
plan and making adjustments to keep the company pressing toward its goals.
directing - is the management process of overseeing the company's day-to-day operations.
ERP - serves the information needs of people in accounting as well as people in marketing and
in the warehouse.
sustainability - is the ability to meet the needs of the present without compromising the ability of future
generations to meet their own needs.
the CEO - manages the company on a daily basis
Planning - ____is the management process of setting goals and objectives for the company and determining [Show Less]