Accounting is a comprehensive system for collecting, analyzing, and communicating financial information to a firm's owner or the finances of a person.
Bookkeeping records of taxes paid, income received, and expenses incurred. A person who enters transactions into an accounting system.
Accounting information system identifying, measuring, recording, and retaining financial information.
Use of accounting information include • Business managers • Employees and labor unions • Investors and creditors • Tax authorities • Government regulatory agencies
Who are accountants and what do they do? financial consumer groups, unions, stockholders, suppliers, creditors, government agencies
Non - Certified public accountant An accountant who has passed certain exams achieved a certain amount of experience, reached a certain age, and met all other statutory and licensing requirements of the US state where he or she works, but did not apply for the certification of the experience. In addition to accounting and auditing, Non-CPAs prepare tax returns for corporations and individuals.
CMA certified management account Has experience with managerial accounting practices
The accounting equation includes • Assets • Liabilities • Owners equity the financial statements include • Balance sheet ○ , assets current assets, liquidy, fixed assets, depreciation, intangible assets, goodwill, reputation, location, liabilities, Accounts Payable, long-term liabilities, owners equity, paid-in capital, retained earnings the income statement • Revenues • Cost of revenues • Gross profit • Operating expense • Operating net income the statement of cash flow • Cash flows from operations • Cash flow from investing • Cash flow from financing
Marketing • Providing marketing overview for your business. • Understanding the marketing environment through research. • Developing a global vision for your business. • Analyzing market opportunities and implementing strategies. • Explaining key components of consumer decision-making • Business marketing. • Segmenting and target markets (engineering strategies with) • Decision support system and marketing research provisioning. • Product distribution decisions Place promotions • Product and services concepts discression. • Developing and managing products for sale. • Marketing channels and supply chain management adding component value • Retail prospective and strategies. • Promotion and pricing decisions advise. • Marketing communications and advertising tips. • Public relations sales promotion and personal selling informative decision guides. • Pricing concepts advise training for selling performance optimization.
Human Resources • Offering an introduction to human resource management • explaining equal opportunity and the law • directing a managers role in strategic human resource management • help with understanding job analysis • the need for extra help with personal planning and recruiting • training skills with employee testing and selection • interviewing candidates explanation • helping training and developing employees • helping performance management and appraisals • directing in coaching careers and talent management • help with establishing strategic pay plans • guiding a for performance and financial incentives • directing benefits and services • offering advice with ethics justice fair treatment in HR management • giving an understanding of Labor Relations and collective bargaining • directing employee health and safety • managing global human resources • offering entrepreneurial advice for managing human resources