Create an account
Accounting period cycle
changes in financial information are reported for a specific period of time in the form of financial statements
Adequate disclosure concept
financial statements that contain all information necessary to understand a business's financial condition
A person who does general accounting work plus some summarizing and analyzing of accounting information.
financial information is recorded and reported separately from the owner's personal financial information
Certified Public Accountants
professionally licensed accounts who meet certain requirements for education and experiences and who pass a comprehensive examination
the same accounting procedures must be followed in the same way in each accounting period
Ethical business practices
moral values and principles that determine our conduct in the business world
General office clerk
a person who does general kinds of office tasks, including some accounting tasks
Going concern concept
financial statements are prepared with the expectation that a business will remain in operation indefinitely
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