Complete the following using the terms listed.
-A(n)_____ is employed by a business other than a public accounting firm.
A)certified public accountant
B)International Financial Reporting Standards
C)asset
D)liability
E)Owners' equity
F)accounting equation
G)balance sheet
H)income statement
I)Sarbanes-Oxley Act (SOX)
J)accrual accounting
K)open book management
L)budget
M)generally accepted accounting principles (GAAP)
N)Financial Accounting Standards Board (FASB)
O)profitability ratios
P)International Accounting Standards Committee (IASC)
Q)Leverage ratios
R)management accountant

Question

Quizplus · Accepted Answer

A management accountant is employed by a business to provide financial information and analysis for internal decision-making purposes, whereas a certified public accountant works for a public accounting firm providing auditing, tax, and other financial services to external clients.

Complete the Following Using the Terms Listed