Accounting refers to the business function of recording economic activity. Accounting includes the processing of information and a reporting role. The accounting term encompasses a broad range of functions for every business. It starts out with a system of gathering economic information, categorizing the material, inputting the data into an accounting program, and generating outputs for decision making.
Certified Public Accountant
A certified public accountant (CPA) is considered the highest level of accounting personnel within the world of business. CPA’s must first pass advanced education and then take a national exam before being issued a license. Each state governs their certified public accountants via a governmental board. Only CPA’s can issue financial opinions about a company’s financial status.