: Financial & Managerial Accounting, Planning, Controlling, Marketing, Finance, HR, Decisi, Quizzes of Financial Accounting

Download : Financial & Managerial Accounting, Planning, Controlling, Marketing, Finance, HR, Decisi and more Quizzes Financial Accounting in PDF only on Docsity! TERM 1 Accounting Information System DEFINITION 1 transaction-processing system that captures financial data resulting from accounting transactions within a company TERM 2 financial accounting DEFINITION 2 area of accounting primarily concerned with preparation of general-use financial statements for creditors, investors and other external users TERM 3 managerial accounting DEFINITION 3 area of accounting primarily concerned with generating financial and nonfinancial information for use by managers in their decision making roles within a company TERM 4 external users DEFINITION 4 stockholders, potential investors, creditors, government taxing agencies, regulators, suppliers, customers and other outsiders from a company TERM 5 internal users DEFINITION 5 individual employees, teams, departments, regions, top management and others inside a company TERM 6 planning DEFINITION 6 development of both short and long term objectives and goals of an organization and the identification of the resources needed to achieve them TERM 7 operational planning DEFINITION 7 development of short term objectives and goals, typically those to be achieved in less than a year TERM 8 strategic planning DEFINITION 8 addresses long term questions of how an organization positions and distinguishes itself from competitors TERM 9 operating activities DEFINITION 9 day to day operations of a business TERM 10 controlling activities DEFINITION 10 motivation and monitoring of employees and the evaluation of people and other resources used in the operation of an organization