Name: _________________________________________
Date: _____________
Class Period: _______
Unit 1: Chapters 1 & 2 Outline
Directions: Using your textbook as your guide, read chapters one and two, completing the outline below
as you move through the reading. First, define the following key vocabulary terms:
1. Skills2. Values3. Personality4. Lifestyle5. Personal Interest Tests6. Networking7. Accountant8. For-profit Business9. Not-for-profit Organizations10. Accounting Clerk11. Certified Public Accountant12. Public Accounting1. How do personal interests and skills, values, and lifestyle goals affect career decisions?
2. Where can you find information on possible careers?
3. How should you set career goals?
4. Explain the variety of career opportunities that are available for accountants.
5. What types of businesses and organizations hire accountants?
Chapter 2 – The World of Business and Accounting
1. Free Enterprise System –
2. Profit vs Loss –
3. Entrepreneurs –
4. Service Business –
5. Merchandising Business –
6. Manufacturing Business –
7. Sole Proprietorship –
8. Partnership –
9. Corporation –
10. Accounting System –
11. Manual vs Computerized Accounting System –
12. GAAP –
13. Financial Reports –
14. Financial vs Managerial Accounting –
15. Accounting Period -