Business Essentials, 12/e

Chapter 15 The Role of Accountants and Accounting Information

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“Crunching numbers” is not enough for today’s accountants. They need to communicate, think critically, and lead.

Learning Objectives

After reading this chapter, you should be able to:

1. 15-1 Explain the role of accountants and distinguish among the kinds of work done by public accountants, private accountants, management accountants, and forensic accountants.

2. 15-2 Explain how the accounting equation is used.

3. 15-3 Describe the three basic financial statements and show how they reflect the activity and financial condition of a business.

4. 15-4 Explain the ...