23403539
Descrição
FlashCards por Sophia Lynch, atualizado more than 1 year ago
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Criado por Sophia Lynch
aproximadamente 4 anos atrás
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| Questão | Responda |
| What are the four main branches of accounting? | 1. Financial Accounting 2. Management Accounting 3. Auditing 4. Taxation |
| What is the purpose of 'Financial Accounting'? | To provide information for decision making but mainly for external stakeholders. |
| What is the purpose of 'Management Accounting'? | To provide information for decision making for internal stakeholders (managers etc prepared through a BUDGET) |
| What is 'Auditing'? | Is the process of making sure that the financial statements the business prepares reflect the true and fair view of economic transactions undertaken in an organisation. |
| What is 'Taxation'? | When accountants prepare information for taxation purposes. Includes GST, Corporate Tax and adjustments of tax. |
| What are the five branches of Information Systems? | 1. People 2. Hardware 3. Software 4. Data 5. Processes |
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