Please enable JavaScript.
Coggle requires JavaScript to display documents.
chapter 17 - Coggle Diagram
chapter 17
accounting cycles
recording info in journals
posting that info into ledgers
analyzing documents
develop trial balance
preparing financial balance
balance sheets
income statements
statements of cash flows
analyzing financial statements
accounting
classifying
recording
summarizing
interpreting
financial events & transactions that affect an organization
private accountant
perform internal audits
works for a single company
public accounting
provides a fee to a variety of companies
supply independent audits
accounting system
methods used to record and summarize accounting data into reports
managerial accounting
provides info and analyses to managers within the firm to assist them in decision making
financial accounting
provides info and analyses to external users of data like creditors and lenders
auditor
review and evaluate the standards used to compare a company's financial statements
journals
first place bookeepersrecord transactions