Private accountant: employed by a organization

Private Accountants provide the following services:

General accounting: recording business transactions and preparing financial statements

Budgeting: Develop budgets for sales and operating expenses.

Cost Accounting: Determining the cost of producing specific products or services.

Tax Accounting: Planning tax strategy and preparing tax returns for the firm.

Public Accountant: an accountant whose services may be hired on a fee basis by individuals or firms.

Chartered accountant (CA) or Certified general accountant (CGA), Certified management accountant (CMA): an individual who has met requirements for accounting education and experience and has passed a set of accounting examinations from their respective professional organization.

Assets: the resources that the firm owns

Liabilities: firms debts and obligation- what it owes to others

Owners Equity: the difference between a firms assets and its liabilities

Accounting Equation: the basis for the accounting process:

assets = liabilities + owners' equity

Liquidity: the ease which an asset can be converted into cash.

Goodwill: value of a firm's reputation, location, earning capacity, and other, intangibles that make the business a profitable concern.

Some common words found in the essay are:
Net Sales, Balance Sheet, Accounting Equation, CGA Certified, Current Ratio, A/R Debts-to-assets, Income Statement, , Public Accountant, Private Accountants, accounting period, = net, current assets, net sales, owners' equity, current liabilities, net income, ratio =, net income taxes, cost sold, income taxes, = net income, = total liabilities, sold accounting period, liabilities debts repaid,
Approximate Word count = 867
Approximate Pages = 3 (250 words per page double spaced)