Use Sophia to knock out your gen-ed requirements quickly and affordably. Learn more
×

Accounting in Practice

Author: Evan McLaughlin

Source: Instrumental “Drops of H2O ( The Filtered Water Treatment )" by J.Lang (feat. Airtone),” Creative Commons, http://ccmixter.org/files/djlang59/37792

Video Transcript
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.