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Study sets matching "accounting"

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Study sets matching "accounting"

21 terms
Accounting
Accounting
Accounting system
Accounting records
Service business
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
A business that preforms an activity for a fee.
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
22 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
18 terms
Accounting
assets
Liabilities
Owners Equity
Capital
anything owned
Any amount owed
Account used to summarize the owners equity in a business.
Amount remaining after all liabilities are subtracted from al…
assets
anything owned
Liabilities
Any amount owed
24 terms
Accounting
Accounts Receivable
Accounts Payable
Account Numbers
Accounts
Amounts Owed to the Business
Amounts a business owes for items or services purchased on cr…
Numbers assigned to accounts according to the chart of accoun…
Categories under the Assets, Liabilities and Owner's Equity h…
Accounts Receivable
Amounts Owed to the Business
Accounts Payable
Amounts a business owes for items or services purchased on cr…
22 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
17 terms
Accounting
liabilities
long-term liabilities
fixed assets
current assets
обязательства
долгосрочные обязательства
долгосрочные активы
текущие (краткосрочные) активы
liabilities
обязательства
long-term liabilities
долгосрочные обязательства
50 terms
Accounting
Tax inspector
Commodity trader
Tax return
Market analyst
inspektor podatkowy
handlowiec towarowy
roczne zeznanie podatkowe
analityk giełdowy
Tax inspector
inspektor podatkowy
Commodity trader
handlowiec towarowy
15 terms
Accounting
Gross Income
Medicare
Net Pay
Payroll Register
the total amount of income from wages before any payroll dedu…
A federal program of health insurance for persons 65 years of…
Amount of income left after taxes and deductions have been ta…
a business form used to record payroll information
Gross Income
the total amount of income from wages before any payroll dedu…
Medicare
A federal program of health insurance for persons 65 years of…
116 terms
Accounting
GAAP
Three Organizations that is developmen…
Capital allocations
Financial reporting
"Generally accepted" an authoritative accounting rule-making…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
It promotes productivity, encourages inovation, and provide a…
President letters supplementary schedules in corporate annual…
GAAP
"Generally accepted" an authoritative accounting rule-making…
Three Organizations that is developmen…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
122 terms
Accounting
accumulated other comprehensive income
Appropriated Retained Earnings
capital maintenance approach
changes in estimates
An entry in the stockholders' equity section of the balance s…
A retained earnings account that is restricted for a specific…
An income measurement approach in which a company determines…
Adjustments or changes that companies must make because finan…
accumulated other comprehensive income
An entry in the stockholders' equity section of the balance s…
Appropriated Retained Earnings
A retained earnings account that is restricted for a specific…
22 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
9 terms
Accounting
Able to work alone
Cooperative
Enthusiastic
Punctual
I can work alone without the manager's supervise. I can manag…
I can work as a member in a team. I can get along with my tea…
I am willing, ready to take part in all the company's activit…
I always finish my tasks on time as my manager required. I go…
Able to work alone
I can work alone without the manager's supervise. I can manag…
Cooperative
I can work as a member in a team. I can get along with my tea…
22 terms
accounting
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
17 terms
Accounting
assets
Liabilities
Owners Equity
Capital
anything owned
Any amount owed
Account used to summarize the owners equity in a business.
Amount remaining after all liabilities are subtracted from al…
assets
anything owned
Liabilities
Any amount owed
12 terms
ACCOUNTING
accounting
account
accountant
credit
Planning, recording, analyzing, and interpreting financial in…
A record or statement of receipts and expenditures, or of bus…
A person who plans, summarizes, analyzes, and interprets acco…
The right side of a standard account
accounting
Planning, recording, analyzing, and interpreting financial in…
account
A record or statement of receipts and expenditures, or of bus…
21 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
20 terms
Accounting
Accounting records
Financial statements
Service business
Proprietorship
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
A business that preforms an activity for a fee.
A business owned by one person.
Accounting records
Organized summaries of a business's financial activities.
Financial statements
Financial reports that summarize the financial condition and…
99 terms
Accounting
GAAP
Three Organizations that is developmen…
Financial statements
Financial statements: These statements…
"Generally accepted" an authoritative accounting rule-making…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
The principle means through which a company communicates its…
1. the balance sheet... 2. income statement... 3. Statement of…
GAAP
"Generally accepted" an authoritative accounting rule-making…
Three Organizations that is developmen…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
11 terms
Accounting
Accountant
Asset
Cash
Inventory
Accountant
Asset
22 terms
Accounting
Accounting
Accounting System
Accounting records
Financial statement
Planning, recording, analyzing, and interpreting financial in…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities
Financial reports that summarize financial conditions and ope…
Accounting
Planning, recording, analyzing, and interpreting financial in…
Accounting System
A planned process for providing financial information that wi…
22 terms
Accounting
Accounting
accounting system
accounting record
financial statements
Planning,recording,analyzing,and interpreting financial infor…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activites
financial reports that summarize the financial condition and…
Accounting
Planning,recording,analyzing,and interpreting financial infor…
accounting system
A planned process for providing financial information that wi…
10 terms
ACCOUNTING
audit
budget
build up
client
thanh tra
ngân sách
xây dựng
khách hàng
audit
thanh tra
budget
ngân sách
10 terms
Accounts
Current assets
Current liabilities
Unpresented cheque
Outstanding lodgement
cash and other assets expected to be exchanged for cash or co…
liabilities due within a short time, usually within a year
A cheque that has not yet been presented for payment by the p…
amounts paid into the bank, not yet recorded on the bank stat…
Current assets
cash and other assets expected to be exchanged for cash or co…
Current liabilities
liabilities due within a short time, usually within a year
105 terms
Accounting
Accounting
Features of accounting information sys…
Management accounting
Financial accounting
is concerned with collecting, analysing and communicating fin…
-Identifying and capturing relevant information... -Recording, i…
seeks to meet accounting needs for managers
seeks to meet those of all users identified except managers
Accounting
is concerned with collecting, analysing and communicating fin…
Features of accounting information sys…
-Identifying and capturing relevant information... -Recording, i…
20 terms
Accounting
Account
Accounting Cycle
Accounting Equation
Adjusting Entries
A record of the increases and decreases of the amount of a sp…
Activities the business completes within the fiscal period
Assets = Liabilities + Stockholder's Equity
Entries made to update certain accounts at the end of the fis…
Account
A record of the increases and decreases of the amount of a sp…
Accounting Cycle
Activities the business completes within the fiscal period
22 terms
Accounting
Accounting
accounting system
accounting record
financial statements
Planning,recording,analyzing,and interpreting financial infor…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activites
financial reports that summarize the financial condition and…
Accounting
Planning,recording,analyzing,and interpreting financial infor…
accounting system
A planned process for providing financial information that wi…
21 terms
Accounting
Transaction
Identify, record, communicate
FASB, SEC
Compound entry
Accountans reffer to an economic event as a
The accounting process of correctly sequenced as
The two organizations that are primarily responsible for esta…
When three or more accounts are required in one journal entry…
Transaction
Accountans reffer to an economic event as a
Identify, record, communicate
The accounting process of correctly sequenced as
16 terms
Accounting
Balance Sheet
Assets
Accounts receivable
Liabilities
List of all assets, liabilities and owner's equity of an orga…
Items of value owned by a business
...
Amounts owed by a business to external parties
Balance Sheet
List of all assets, liabilities and owner's equity of an orga…
Assets
Items of value owned by a business
30 terms
Accounting
Accounting
Current asset
Amortization
Accounts Payable
is the measurement, processing and communication of financial…
is any asset reasonably expected to be sold, consumed, or exh…
Reduces debts through equal payments that include interest.
are liabilities of a business and represent money owed to oth…
Accounting
is the measurement, processing and communication of financial…
Current asset
is any asset reasonably expected to be sold, consumed, or exh…
16 terms
Accounting
Accounting
Accounts Payable
Accounts Receivable
Financial Statements
The process of recording and reporting the financial position…
The money a business owes to its creditors.
The money a business receives for products or services provid…
Documents that summarize the changes resulting from business…
Accounting
The process of recording and reporting the financial position…
Accounts Payable
The money a business owes to its creditors.
16 terms
Accounting
Accounting
accounts payable
accounts receivable
financial statements
the process of recording and reporting the financial position…
the money a business owes to its creditors
the money a business receives for products or services provid…
documents that summarize the changes resulting from business…
Accounting
the process of recording and reporting the financial position…
accounts payable
the money a business owes to its creditors
96 terms
Accounting
Capital deficiency
General partner
General partnership
LLC--Limited liability Co.
A partners claim against a partner. Occurs when a partners ca…
Has unlimited personal liability in a partnership.
Each partner is a co-owner with all the privileges and risks…
Neither a partnership or corp but has advantages of both.
Capital deficiency
A partners claim against a partner. Occurs when a partners ca…
General partner
Has unlimited personal liability in a partnership.
Accounting Questions
Income Statement
Debit
Credit
Asset
An income statement is a financial statement that reports a c…
an entry recording an amount owed, listed on the left-hand si…
an entry recording a sum received, listed on the right-hand s…
property owned by a person or company, regarded as having val…
Income Statement
An income statement is a financial statement that reports a c…
Debit
an entry recording an amount owed, listed on the left-hand si…
30 terms
Accounting Terminology
Accounts Payable
Accounts Receivable
Accounting Equation
Assets
Amounts owed to vendors on account
Amounts owed to us by customers
Assets = Liabilities + Equity
Resources owned by the company
Accounts Payable
Amounts owed to vendors on account
Accounts Receivable
Amounts owed to us by customers
30 terms
Accounting Equations
Assets Liabilites Equity Equation
Total Equity Equation
Retained Earning Equation
Net Income Equation
Assets = Liabilities + Equity
Common Stock + Retained Earning
Beginning Retained Earning + Net Income -Dividends =
Revenues - Expenses
Assets Liabilites Equity Equation
Assets = Liabilities + Equity
Total Equity Equation
Common Stock + Retained Earning
13 terms
Accounting
Accounting
Accounts payable
Accounts Receivable
Financial Statements
The process of recording and reporting the financial status o…
the money a business has to pay to its creditors
the money a business receives for products or services provid…
Documents that summarizes the business transactions that occu…
Accounting
The process of recording and reporting the financial status o…
Accounts payable
the money a business has to pay to its creditors
44 terms
Accounting
COGS
COGS
COGS
Sales
Opening stock
Purchases
Purchase Returns
Sales Returns
COGS
Opening stock
COGS
Purchases
18 terms
Accounting
Accountancy noun /əˈkaʊntənsi/
Involve verb /ɪnˈvɒlv/
recording noun /rɪˈkɔːdɪŋ/
summarize verb /ˈsʌməraɪz/
księgowość, rachunkowość
wymagać, pociągać za sobą, wiązać się (np. z wysiłkiem, z nie…
nagranie, zapis, rejestracja (dokumentów)
podsumować
Accountancy noun /əˈkaʊntənsi/
księgowość, rachunkowość
Involve verb /ɪnˈvɒlv/
wymagać, pociągać za sobą, wiązać się (np. z wysiłkiem, z nie…
39 terms
accounting
accountant
account
business
precise
kế toán viên
tài khoản
doanh nghiệp
chính xác
accountant
kế toán viên
account
tài khoản
105 terms
Accounting
Accounting cycle
Accounting information system
Account
Accrued expenses
Standard set of accounting procedures to record transactions…
A system that collects and processes transaction data and the…
A systematic arrangement that shows the effect of transaction…
Expenses incurred but not yet paid or recorded at the stateme…
Accounting cycle
Standard set of accounting procedures to record transactions…
Accounting information system
A system that collects and processes transaction data and the…
105 terms
Accounting
Accounting cycle
Accounting information system
Account
Accrued expenses
Standard set of accounting procedures to record transactions…
A system that collects and processes transaction data and the…
A systematic arrangement that shows the effect of transaction…
Expenses incurred but not yet paid or recorded at the stateme…
Accounting cycle
Standard set of accounting procedures to record transactions…
Accounting information system
A system that collects and processes transaction data and the…
15 terms
accounting
accounting
acounts payable
accounts receivable
financial statements
the process of recording and reporting the financial
the money a business has to pay to its creditors
the money a business receives for products or services
documents that summarize the business transactions that occur
accounting
the process of recording and reporting the financial
acounts payable
the money a business has to pay to its creditors
22 terms
Accounting
Accounting
Accounting System
Accounting records
Financial statements
Planning,recording,analyzing, and interpreting financial info…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities
Financial reports that summarize the financial condition and…
Accounting
Planning,recording,analyzing, and interpreting financial info…
Accounting System
A planned process for providing financial information that wi…
22 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning, recording, analyzing and interpreting financial inf…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, analyzing and interpreting financial inf…
Accounting system
A planned process for providing financial information that wi…
35 terms
Accounting
SEC
FASB
GAAP
Accounting
Securities and Exchange Commission
Financial Accounting Standards Board
Generally Accepted Accounting Principles
A system that collects and processes financial information
SEC
Securities and Exchange Commission
FASB
Financial Accounting Standards Board
10 terms
Accounting
Assets
Balance sheet
Cash
Credit
-Things you own, such as cash,real estate, equipment, invento…
-An official financial statement includes the companies the c…
-The relatively stable investments that can easily by changed…
-An entry on the right side of an account - Decreases assets…
Assets
-Things you own, such as cash,real estate, equipment, invento…
Balance sheet
-An official financial statement includes the companies the c…
22 terms
Accounting
Accounting
Accounting System
Accounting Records
Financial Statements
Planning, recording, and interpreting financial information
A planned process for finding financial information.
Organized summaries of financial activities
Financial reports that summarize the financial condition and…
Accounting
Planning, recording, and interpreting financial information
Accounting System
A planned process for finding financial information.
15 terms
accounting
accounting
accounts payable
Accounts receviable
Financial statements
the process of recording and reporting the financial status o…
the money a business has to pay to its creditors
the money a business receives for products or services provid…
documents that summarize the business transactions that occur…
accounting
the process of recording and reporting the financial status o…
accounts payable
the money a business has to pay to its creditors
13 terms
Accounting
Accounting
Accounting system
Accounting records
Financial statements
Planning,recording,analyzing, and interpreting financial info…
A planned process for providing financial information that wi…
Organized summaries of a business's financial activities.
Financial reports that summarize the financial condition and…
Accounting
Planning,recording,analyzing, and interpreting financial info…
Accounting system
A planned process for providing financial information that wi…
116 terms
Accounting
GAAP
Three Organizations that is developmen…
Capital allocations
Financial reporting
"Generally accepted" an authoritative accounting rule-making…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
It promotes productivity, encourages inovation, and provide a…
President letters supplementary schedules in corporate annual…
GAAP
"Generally accepted" an authoritative accounting rule-making…
Three Organizations that is developmen…
1. Securities and Exchange Commission (SEC)... 2. American Ins…
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