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ACCT 210: Exam 1 (Chapter 1)( A+ Graded)
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Accounting correct answers What is the information system that measures business activities, processes the information into reports, communicates the results to decision makers? Financial Accounting correct answers What provides information for external decision makers, such as investors who own...

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  • March 4, 2025
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ACCT 210
  • ACCT 210

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ACCT 210: Exam 1 (Chapter 1)( A+ Graded)
Accounting correct answers What is the information system that measures business activities,
processes the information into reports, communicates the results to decision makers?

Financial Accounting correct answers What provides information for external decision makers,
such as investors who own a portion of the business, creditors to whom the business owes money
and taxing authorities, to whom the business owes taxes?

Creditor correct answers Who is the person whom the business owes money?

Managerial Accounting correct answers What provides information to internal decision makers,
such as managers, employees, individuals, and businesses?

Certified Public Accountants (CPAs) correct answers Who serves the general public?

Chartered Global Management Accountant (CGMAs) correct answers Who have advanced
knowledge in finance, operations, strategy, and management?

Certified Management Accountants (CMAs) correct answers Who has specialized in accounting
and financial management knowledge and often work for a single company?

Certified Financial Planners (CFPs) correct answers Who •help individuals budget, plan for
retirement, save for education, and manage their finances?

Controllers correct answers What job position compile financial statements,interact with
auditors, and oversee regulatory reporting?

Financial Analysts correct answers What job position review financial data and help to explain
the story behind the numbers?

Business Systems Analysts correct answers What job position Use accounting knowledge to
create computer systems?

Tax Accountants correct answers What job position help companies navigate tax laws?

Auditors correct answers What job position perform reviews of companies to ensure compliance
to rules and regulations?

Cost Accountants correct answers What job position typically work in a manufacturing business
and help analyze accounting data?

Accounting Clerks/Bookkeepers correct answers What job position record financial transactions
and help prepare financial records?

Financial Accounting Standards Board (FASB) correct answers Who oversees creation and
governance of accounting standards?

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