4 Tutorials that teach Accounting in Practice
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Accounting in Practice

Accounting in Practice

Author: Jere Smith

In this lesson, the student will learn about financial and managerial accounting and major roles in the field of accounting.

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Terms to Know
  • Accountant

    A practitioner with acquired skills in the field of accountancy.

  • Auditor

    An individual who conducts an objective appraisal of accounting processes and data within an organization.

  • Bookkeeper

    An individual who documents an organization's monetary transactions.

  • Controller

    An individual within an organization accountable for all aspects of financial reporting and accounting.

  • Financial Accounting

    A branch of accounting focused on external reporting of financial status to provide information to decision makers and interested parties.

  • Investor

    An individual who has dedicated capital to a company with an expectation of a return on their investment.

  • Managerial Accounting

    A branch of accounting focused on internal reporting to assist internal management with decisions, structure and goals.

  • Shareholder

    An individual or organization that legally owns one or more shares in a company.