Day 10: Review Nature of Business and Accounting

Be sure you can answer these questions:

1. What is profit?
2. What is a CPA?
3. List and describe the General Purpose Financial Statements:
4. List and describe the different business types:
5. List and describe the advantages and disadvantages of the different forms of business organization:
6. What is the role of accounting?
7. Create a list of both internal and external users of accounting information: