Each question has one possible correct answer. Group the accounting terms according to their explanation Accounting Financial accounting Accounting standards Stock-taking Auditor Management accounting person who, according to the law, has the right to audit the company's annual report ollection of compilation and processing of economic information conomic assets, registration in inventory lists with accounting data, as well as reconciliation of claims and liability amounts with debtors and creditors part of the company's accounting, the main purpose of which is the collection, analysis, preparation and presentation of financial and operational information necessary for the management of the company efines and explains basic accounting principles and requirements component of company accounting whose main task is the preparation of financial statements for the company's board, management and other users of financial statements.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Each question has one possible correct answer.
Group the accounting terms according to their explanation
1. Accounting
2. Financial accounting
3.Accounting standards
4. Stock-taking
5. Auditor
6. Management accounting
a person who, according to the law, has the right to audit the company's annual report
collection of compilation and processing of economic information
economic assets, registration in inventory lists with accounting data, as well as reconciliation of claims and liability amounts with debtors and creditors
a part of the company's accounting, the main purpose of which is the collection, analysis, preparation and presentation of financial and operational information necessary for the management of the company
defines and explains basic accounting principles and requirements
a component of company accounting whose main task is the preparation of financial statements for the company's board, management and other users of financial statements.
Transcribed Image Text:Each question has one possible correct answer. Group the accounting terms according to their explanation 1. Accounting 2. Financial accounting 3.Accounting standards 4. Stock-taking 5. Auditor 6. Management accounting a person who, according to the law, has the right to audit the company's annual report collection of compilation and processing of economic information economic assets, registration in inventory lists with accounting data, as well as reconciliation of claims and liability amounts with debtors and creditors a part of the company's accounting, the main purpose of which is the collection, analysis, preparation and presentation of financial and operational information necessary for the management of the company defines and explains basic accounting principles and requirements a component of company accounting whose main task is the preparation of financial statements for the company's board, management and other users of financial statements.
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