Summary of Learning Objectives
Objective 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.
The role of accountants is to maintain a comprehensive system for collecting, analyzing, and communicating financial information for use by external constituents and within firms for planning, controlling, and decision making. It measures business performance and translates the results into information for management decisions. The users of accounting information include business managers, employees and unions, investors and creditors, tax authorities, and government regulatory agencies.
The controller, or chief accounting officer, ...
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