Determining the cost of producing specific products or providing services and analyzing for cost effectiveness. Includes preparing various reports and financial statements and analyzing operating, investing, and financing decisions. The process in which accountants help managers develop a financial plan. A business that buys a product from another business to sell to customers. Telling the results of the financial information. A type of ownership structure in which more than one person owns the business. Specializes in cash, payroll, accounts receivable, accounts payable, inventory, or purchases. A system of gathering financial information about a business and reporting this information to users. Bringing various items of information together to determine a result. A business that makes products to sell. A business that provides a service. Generally supervises the work of accounting clerks, helps with daily accounting work, and summarizes accounting information. Looking at events that have taken place and thinking about how they affect the business. Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided. A type of ownership structure in which there are many owners who usually employ professional managers. Deciding the meaning and importance of the information in various reports. The rules that businesses must follow when preparing financial statements. Focusing on tax planning, preparing tax returns, and dealing with the Internal Revenue Service and other governmental agencies. Sorting and grouping similar items together rather than merely keeping a simple, diary-like record of numerous events. Entering financial information about events affecting the company into the accounting system. Reviewing and testing to be certain that proper accounting policies and practices have been followed. A type of ownership structure in which one person owns the business. 1.accountant2.accounting3.accounting clerk4.analyzing5.auditing6.bookkeeper7.budgeting8.Certified Public Accountant9.classifying10.controller11.corporation12.cost accounting13.financial accounting14.generally accepted accounting principles15.internal auditing16.interpreting17.manufacturing business18.merchandising business19.para-accountant20.partnership21.recording22.reporting23.service business24.sole proprietorship25.summarizing26.tax accounting

The answer is stated below: Note: Answering the first three subparts as there are…

Answered: Determining the cost of producing…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.11E

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	Determining the cost of producing specific products or providing services and analyzing for cost effectiveness.
	Includes preparing various reports and financial statements and analyzing operating, investing, and financing decisions.
	The process in which accountants help managers develop a financial plan.
	A business that buys a product from another business to sell to customers.
	Telling the results of the financial information.
	A type of ownership structure in which more than one person owns the business.
	Specializes in cash, payroll, accounts receivable, accounts payable, inventory, or purchases.
	A system of gathering financial information about a business and reporting this information to users.
	Bringing various items of information together to determine a result.
	A business that makes products to sell.
	A business that provides a service.
	Generally supervises the work of accounting clerks, helps with daily accounting work, and summarizes accounting information.
	Looking at events that have taken place and thinking about how they affect the business.
	Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided.
	A type of ownership structure in which there are many owners who usually employ professional managers.
	Deciding the meaning and importance of the information in various reports.
	The rules that businesses must follow when preparing financial statements.
	Focusing on tax planning, preparing tax returns, and dealing with the Internal Revenue Service and other governmental agencies.
	Sorting and grouping similar items together rather than merely keeping a simple, diary-like record of numerous events.
	Entering financial information about events affecting the company into the accounting system.
	Reviewing and testing to be certain that proper accounting policies and practices have been followed.
	A type of ownership structure in which one person owns the business.

1.	accountant
2.	accounting
3.	accounting clerk
4.	analyzing
5.	auditing
6.	bookkeeper
7.	budgeting
8.	Certified Public Accountant
9.	classifying
10.	controller
11.	corporation
12.	cost accounting
13.	financial accounting
14.	generally accepted accounting principles
15.	internal auditing
16.	interpreting
17.	manufacturing business
18.	merchandising business
19.	para-accountant
20.	partnership
21.	recording
22.	reporting
23.	service business
24.	sole proprietorship
25.	summarizing
26.	tax accounting

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