ACCOUNTING WHAT THE NUMBERS MEAN CERTIFICATION EVALUATION COMPLETE QUESTIONS AND SOLUTIONS GRADED APLUS

ACCOUNTING WHAT THE NUMBERS MEAN
CERTIFICATION EVALUATION COMPLETE
QUESTIONS AND SOLUTIONS GRADED
APLUS

●● Financial Accounting
Answer: Provides financial information to external users such as
investors, lenders, customers, and government agencies.


●● Managerial Accounting
Answer: Provides financial information to internal users such as
managers and employees.


●● Uses of Accounting Information - Personal
Answer: Budgeting and tracking expenses, setting and monitoring
financial goals.


●● Uses of Accounting Information - Investment
Answer: Evaluating companies, predicting returns and risks.


●● Creditor

, Answer: Any individual or business to whom a company owes money,
using accounting information to assess a company's ability to repay its
debts.


●● Taxing Authorities
Answer: Use accounting information to determine the correct amount of
income tax a company owes.


●● CPA (Certified Public Accountant)
Answer: A licensed accounting professional who provides services to the
general public.


●● CGMA (Chartered Global Management Accountant)
Answer: A professional designation awarded to accountants who
demonstrate advanced expertise in finance, operations, strategy, and
management.


●● CMA (Certified Management Accountant)
Answer: A certified professional specializing in accounting, financial
management, and strategic business decision-making.


●● CFP (Certified Financial Planner)