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What is the purpose of Accounting? Identify and describe the four user groups normally interested in financial...

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Accounting

What is the purpose of Accounting?

Identify and describe the four user groups normally interestedin financial information. What kind of information is needed byeach of these groups?

There are several professional certifications available toaccountants. Explain the roles of the Certified Public Accountant(CPA), Certified Management Accountant (CMA), and CertifiedInternal Auditor (CIA).

If you were planning a career in accounting which of thesecertifications would you be interested in earning? Why?

Answer & Explanation Solved by verified expert
3.7 Ratings (710 Votes)
Accounting serves as a vehicle for communicating financial information about an economic entitys condition to different user groups This is accomplished through preparation of different types of financial statements Major user groups can be classified as under Owners    See Answer
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