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ACCOUNTING PRINCIPLES VOLUME 1 COMPLETE STUDY GUIDE AND FINANCIAL ACCOUNTING BASICS REVIEW 2026

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ACCOUNTING PRINCIPLES VOLUME 1 COMPLETE STUDY GUIDE AND FINANCIAL ACCOUNTING BASICS REVIEW 2026

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ACCOUNTING PRINCIPLES VOLUME 1
COMPLETE STUDY GUIDE AND FINANCIAL
ACCOUNTING BASICS REVIEW 2026


◉ Financial Accounting.
Answer: The field of accounting that focuses on providing
information for external decision makers.


◉ Managerial Accounting.
Answer: The field of accounting that focuses on providing
information for internal decision makers.


◉ Creditor.
Answer: Any person or business to whom a business owes money.


◉ Certified Public Accountant (CPAs).
Answer: Licensed professional accountants who serve the general
public.


◉ Controllers.
Answer: Compile financial statements, interact with auditors, and
oversee regulatory reporting.

, ◉ Financial analysts.
Answer: Review financial data and help to explain the story behind
the numbers.


◉ Business systems analysts.
Answer: Accounting knowledge to create computer systems.


◉ Tax accountants.
Answer: Help companies navigate tax laws.


◉ Auditors.
Answer: Perform reviews of companies to ensure compliance to
rules and regulations.


◉ Cost accountants.
Answer: Typically work in a manufacturing business. Help analyze
accounting data.


◉ Financial Accounting Standards Board (FASB).
Answer: The private organization that oversees the creation and
governance of accounting standards in the United States.

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