Introduction to Accounting Chapter 1. Accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial.

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Presentation transcript:

Introduction to Accounting Chapter 1

Accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports.

For-profit business Examples: Operate to earn money for their owners. McDonalds Target Best Buy Belk

Not-for-profit organization Examples: Also known as non-profit organizations. Does not operate to earn a profit. United Way Red Cross Salvation Army Hannah Home Homeless Shelter

Accounting Ladder Accounting Clerk Bookkeeper Accountant Certified Public Accountant

Certified Public Accountant (CPA)

Public Accounting Provide accounting services to their clients.