Study sets matching "accounting"
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Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounts Receivable
Accounts Payable
Account Numbers
Accounts
Amounts Owed to the Business
Amounts a business owes for items or services purchased on cre…
Numbers assigned to accounts according to the chart of account…
Categories under the Assets, Liabilities and Owner's Equity he…
Accounts Receivable
Amounts Owed to the Business
Accounts Payable
Amounts a business owes for items or services purchased on cre…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting system
Accounting records
Service business
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
A business that preforms an activity for a fee.
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
GAAP
Three Organizations that is development…
Financial statements
Financial statements: These statements…
"Generally accepted" an authoritative accounting rule-making b…
1. Securities and Exchange Commission (SEC)... 2. American Inst…
The principle means through which a company communicates its f…
1. the balance sheet... 2. income statement... 3. Statement of c…
GAAP
"Generally accepted" an authoritative accounting rule-making b…
Three Organizations that is development…
1. Securities and Exchange Commission (SEC)... 2. American Inst…
fraud triangle
GAAP (Generally Accepted Accounting Pri…
measurement principle (or cost principl…
revenue recognition principle
opportunity, rationalization, financial pressure
concepts and rules governing financial accounting. aim: to mak…
accounting info is based on actual cost. actual cost is consid…
1. recognize revenue when it is earned... 2. proceeds need not be…
fraud triangle
opportunity, rationalization, financial pressure
GAAP (Generally Accepted Accounting Pri…
concepts and rules governing financial accounting. aim: to mak…
Balance Sheet
Income statement
Statement of stockholders equity
Statement of cash flows
Assets = Liabilities + Stockholders equity
Revenues - Expenses = Net income
Stockholders equity:... Common stock + Retained earnings
Operation activities... Investing activities... Financing activities
Balance Sheet
Assets = Liabilities + Stockholders equity
Income statement
Revenues - Expenses = Net income
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Accounting
Accounting System
Accrual Accounting ... Method
Cash Accounting ... Method
The process of keeping and interpreting financial records.
The methods and procedures used in consistently handling the b…
A method of accounting that records transactions at the time t…
An accounting method in which income and expenditures are reco…
Accounting
The process of keeping and interpreting financial records.
Accounting System
The methods and procedures used in consistently handling the b…
Managerial Accounting
Financial accounting
Variable costs
fixed costs
-Managerial Accounting-reports to managers inside the organiza…
-reports to those outside the organization, such as owners, cr…
-a variable cost varies, in total in direct proportion to chan…
- a fixed cost is a cost that remains the same, constant no ma…
Managerial Accounting
-Managerial Accounting-reports to managers inside the organiza…
Financial accounting
-reports to those outside the organization, such as owners, cr…
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial info…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and o…
Accounting
Planning, recording, analyzing and interpreting financial info…
Accounting system
A planned process for providing financial information that wil…
Gross Income
Medicare
Net Pay
Payroll Register
the total amount of income from wages before any payroll deduc…
A federal program of health insurance for persons 65 years of…
Amount of income left after taxes and deductions have been tak…
a business form used to record payroll information
Gross Income
the total amount of income from wages before any payroll deduc…
Medicare
A federal program of health insurance for persons 65 years of…
Private Enterprise
Service Business
Merchandising Business
Manufacturing Business
Non-Public Institutions. A private corporation that is not gov…
A service business is a type of business which provides and pe…
Merchandising businesses are such that sell products to custom…
A manufacturing business creates their own products to sell to…
Private Enterprise
Non-Public Institutions. A private corporation that is not gov…
Service Business
A service business is a type of business which provides and pe…
Intracompany Comparison
Industry avg Comparision
inter-company Comparisons
Earnings per share
comparing the same company over a peroid of time
comparing the company with the industry average
comparing company with competetor
(Net income- preferred dividends)... / ... common shares outstanding
Intracompany Comparison
comparing the same company over a peroid of time
Industry avg Comparision
comparing the company with the industry average
Accounting
accounting system
accounting record
financial statements
Planning,recording,analyzing,and interpreting financial inform…
A planned process for providing financial information that wil…
Organized summaries of a business's financial activites
financial reports that summarize the financial condition and o…
Accounting
Planning,recording,analyzing,and interpreting financial inform…
accounting system
A planned process for providing financial information that wil…
Account
Accounting Cycle
Accounting Equation
Adjusting Entries
A record of the increases and decreases of the amount of a spe…
Activities the business completes within the fiscal period
Assets = Liabilities + Stockholder's Equity
Entries made to update certain accounts at the end of the fisc…
Account
A record of the increases and decreases of the amount of a spe…
Accounting Cycle
Activities the business completes within the fiscal period