4 Tutorials that teach Accounting in Practice
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Accounting in Practice

Accounting in Practice

Author: Virginia Coco
In this lesson, the student will learn about financial and managerial accounting and major roles in the field of accounting.
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Notes on: "Accounting in Practice"

Terms to Know

Financial Accounting 

Branch of accounting focused on external reporting of financial status to

provide information to decision makers and interested parties.


Managerial Accounting

Branch of accounting focused on internal reporting to assist internal

management with decisions, structure and goals.



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



An individual who has dedicated capital to a company with an expectation of a return

on their investment.



Individual within an organization accountable for all aspects of financial reporting

and accounting.



A practitioner with acquired skills in the field of accountancy.



An individual who documents an organization's monetary transactions.



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

within an organization.



Cite Source: 

Group of Business People:  http://www.shutterstock.com/pic.mhtml?id=92935249

Two men with Arrow:  http://www.shutterstock.com/pic.mhtml?id=27376615&src=id