Clyde Is Self-Employed and Has Been for Many Years

question 14

Multiple Choice

Clyde is self-employed and has been for many years.His business receives financial information from his clients,analyzes it and makes useful reports from it.He prepares financial statements for his clients in accordance with generally accepted accounting principles so they comply with the law,but also so they can be understood and relied on by government agencies,lenders,stockholders,employees,suppliers and others who may need to access their financial information.What function is Clyde performing for his clients?

• A) Financial advising
• B) Auditing
• C) Tax preparation
• D) Accounting

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Definitions:

Temporary Staffing

Refers to the employment of workers on a non-permanent basis to meet short-term increases in workload or to fill in for absent employees.

HR Functions

Various duties and responsibilities associated with the human resources department, including recruitment, training, employee relations, and benefits management.

Outsourced

The process by which businesses delegate certain tasks or services to external providers or companies, often to reduce costs or improve efficiency.

Payroll

The total amount of money that a company is obligated to pay to its employees for a set period or on a given date.