How can we help?

You can also find more resources in our Help Center.

Study sets matching "terms intermediate accounting kieso's"

Study sets
Classes
Users

Study sets matching "terms intermediate accounting kieso's"

28 terms
Kieso's intermediate accounting 15e (Chapter 2)
Conceptual framework
Relevance
Predictive value
Faithful representation
A coherent system of concepts that flow from an objective.
Fundamental quality that accounting information must be capab…
Financial information with value as an input to predictive pr…
Fundamental quality that the numbers and descriptions match w…
Conceptual framework
A coherent system of concepts that flow from an objective.
Relevance
Fundamental quality that accounting information must be capab…
21 terms
Kieso's intermediate accounting 15e (Chapter 1)
Financial accounting
Managerial accounting
Financial statements
Financial reporting
The process that culminates in the preparation of financial r…
The process of identifying, measuring, analyzing, and communi…
Balance sheet, income statement, statement of cash flows, and…
Providing financial information.
Financial accounting
The process that culminates in the preparation of financial r…
Managerial accounting
The process of identifying, measuring, analyzing, and communi…
137 terms
Kieso's 13th Edition Intermediate Accounting, Ch 2
A conceptual framework is like a const…
rule-making should build on and relate…
the profession should be able to more…
Sarbanes-Oxley Act of 2002
What is the conceptual framework?
What is needed for a conceptual framework to be useful?
How does a conceptual framework allow a profession to solve n…
SOX
A conceptual framework is like a const…
What is the conceptual framework?
rule-making should build on and relate…
What is needed for a conceptual framework to be useful?
57 terms
Intermediate Accounting Ch. 5, Kieso
Presentation in a classified balance s…
An account that increases either an as…
Debt securities not classified as held…
Financial statement that shows the fin…
account form
adjunct account
available-for-sale
balance sheet
Presentation in a classified balance s…
account form
An account that increases either an as…
adjunct account
158 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1
How to deliver customized level of inf…
When preparing financial reports, it i…
We may want to consider a more compreh…
We must consider how to deliver all of…
What was the first thought in "Thinking outside the box"?
What was the second thought in "Thinking outside the box"?
What was the third thought in "Thinking outside the box"?
What was the fourth thought in "Thinking outside the box"?
How to deliver customized level of inf…
What was the first thought in "Thinking outside the box"?
When preparing financial reports, it i…
What was the second thought in "Thinking outside the box"?
45 terms
Kieso's 13th Edition Intermediate Accounting, Ch. 4
An entry in the stockholders' equity s…
A retained earnings account that is re…
An income measurement approach in whic…
Adjustments or changes that companies…
accumulated other comprehensive income
appropriated retained earnings
capital maintenance approach
changes in estimates
An entry in the stockholders' equity s…
accumulated other comprehensive income
A retained earnings account that is re…
appropriated retained earnings
81 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
81 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
41 terms
Kieso's 13th Edition Intermediate Accounting, Ch. 4
An entry in the stockholders' equity s…
A retained earnings account that is re…
An income measurement approach in whic…
Adjustments or changes that companies…
accumulated other comprehensive income
appropriated retained earnings
capital maintenance approach
changes in estimates
An entry in the stockholders' equity s…
accumulated other comprehensive income
A retained earnings account that is re…
appropriated retained earnings
78 terms
Intermediate Accounting by Kieso, Ch. 3
collects and processes transaction dat…
How much and what kind of debt is outs…
A happening of consequence. An event g…
An external event involving a transfer…
accounting information system
What kinds of questions do a good accounting information syst…
event
transaction
collects and processes transaction dat…
accounting information system
How much and what kind of debt is outs…
What kinds of questions do a good accounting information syst…
81 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
78 terms
Intermediate Accounting by Kieso, Ch. 3
collects and processes transaction dat…
How much and what kind of debt is outs…
A happening of consequence. An event g…
An external event involving a transfer…
accounting information system
What kinds of questions do a good accounting information syst…
event
transaction
collects and processes transaction dat…
accounting information system
How much and what kind of debt is outs…
What kinds of questions do a good accounting information syst…
498 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1-6
What was the first thought in "Thinkin…
What was the second thought in "Thinki…
What was the third thought in "Thinkin…
What was the fourth thought in "Thinki…
How to deliver customized level of information that the diffe…
When preparing financial reports, it is difficult to ensure c…
We may want to consider a more comprehensive business reporti…
We must consider how to deliver all of this information in a…
What was the first thought in "Thinkin…
How to deliver customized level of information that the diffe…
What was the second thought in "Thinki…
When preparing financial reports, it is difficult to ensure c…
158 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1
How to deliver customized level of inf…
When preparing financial reports, it i…
We may want to consider a more compreh…
We must consider how to deliver all of…
What was the first thought in "Thinking outside the box"?
What was the second thought in "Thinking outside the box"?
What was the third thought in "Thinking outside the box"?
What was the fourth thought in "Thinking outside the box"?
How to deliver customized level of inf…
What was the first thought in "Thinking outside the box"?
When preparing financial reports, it i…
What was the second thought in "Thinking outside the box"?
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
475 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1-5
What was the first thought in "Thinkin…
What was the second thought in "Thinki…
What was the third thought in "Thinkin…
What was the fourth thought in "Thinki…
How to deliver customized level of information that the diffe…
When preparing financial reports, it is difficult to ensure c…
We may want to consider a more comprehensive business reporti…
We must consider how to deliver all of this information in a…
What was the first thought in "Thinkin…
How to deliver customized level of information that the diffe…
What was the second thought in "Thinki…
When preparing financial reports, it is difficult to ensure c…
137 terms
Kieso's 13th Edition Intermediate Accounting, Ch 2
A conceptual framework is like a const…
rule-making should build on and relate…
the profession should be able to more…
Sarbanes-Oxley Act of 2002
What is the conceptual framework?
What is needed for a conceptual framework to be useful?
How does a conceptual framework allow a profession to solve n…
SOX
A conceptual framework is like a const…
What is the conceptual framework?
rule-making should build on and relate…
What is needed for a conceptual framework to be useful?
48 terms
Intermediate accounting-Kieso- Chapter 14
What's the difference between bonds an…
Long-term debt
covenants
indenture
Notes are generally issued to a single lender (usually throug…
consists of probable future sacrifices of economic benefits a…
restrictions
agreement
What's the difference between bonds an…
Notes are generally issued to a single lender (usually throug…
Long-term debt
consists of probable future sacrifices of economic benefits a…
97 terms
Intermediate Accounting-Kieso Chp 10
Describe property, plant, and equipment
Identify the costs to include in initi…
Identify the costs to include in initi…
Identify the costs to include in initi…
the major characteristics of property, plant, and equipment a…
Includes all expenditures made to acquire land and to ready i…
Includes all expenditures related directly to their acquisiti…
Includes the purchase price, freight and handling charges inc…
Describe property, plant, and equipment
the major characteristics of property, plant, and equipment a…
Identify the costs to include in initi…
Includes all expenditures made to acquire land and to ready i…
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
45 terms
Kieso's 13th Edition Intermediate Accounting, Ch. 4
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…
23 terms
Intermediate Accounting, Ch. 6 by Kieso
annuity
annuity due
compound interest
deferred annuity
A series of payments or receipts (called rents) that occur at…
An annuity in which each rent is payable/receivable at the be…
Interest that accrues on both the principal and the interest…
An annuity in which the rents begin after a specified number…
annuity
A series of payments or receipts (called rents) that occur at…
annuity due
An annuity in which each rent is payable/receivable at the be…
38 terms
Intermediate Accounting Kieso-Chapter 2
Conceptual framework
What do the concepts in the framework…
Why do we need a conceptual framework?
FASB conceptual framework
Establishes the concepts that underlie financial reporting, i…
1)identifying the boundaries of financial reporting... 2)selecti…
1)The framework allows the FASB to issue more useful and cons…
The FASB has issued seven Statements of Financial Accounting…
Conceptual framework
Establishes the concepts that underlie financial reporting, i…
What do the concepts in the framework…
1)identifying the boundaries of financial reporting... 2)selecti…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
48 terms
Intermediate accounting-Kieso- Chapter 14
What's the difference between bonds an…
Long-term debt
covenants
indenture
Notes are generally issued to a single lender (usually throug…
consists of probable future sacrifices of economic benefits a…
restrictions
agreement
What's the difference between bonds an…
Notes are generally issued to a single lender (usually throug…
Long-term debt
consists of probable future sacrifices of economic benefits a…
158 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1
How to deliver customized level of inf…
When preparing financial reports, it i…
We may want to consider a more compreh…
We must consider how to deliver all of…
What was the first thought in "Thinking outside the box"?
What was the second thought in "Thinking outside the box"?
What was the third thought in "Thinking outside the box"?
What was the fourth thought in "Thinking outside the box"?
How to deliver customized level of inf…
What was the first thought in "Thinking outside the box"?
When preparing financial reports, it i…
What was the second thought in "Thinking outside the box"?
34 terms
ACG 3131 Chapter 3 terms, Kieso, Intermediate Accounting, 14th edition
accounting information system
event
transaction
account
collects and processes transaction data, then disseminates th…
a happening of consequence. is the source or cause of changes…
an external event involving a transfer or exchange between tw…
a systematic arrangement that shows the effect of transaction…
accounting information system
collects and processes transaction data, then disseminates th…
event
a happening of consequence. is the source or cause of changes…
39 terms
Intermediate Accounting Kieso - Chapter 1
Essential characteristics of accounting
Financial Accounting
Managerial Accounting
Financial Statements
identification, measurement and communication of finanical in…
the process that culminates in the preparation of of financia…
process of identifying, measuring, analyzing and communicatin…
principle means through wich a company communicates its finan…
Essential characteristics of accounting
identification, measurement and communication of finanical in…
Financial Accounting
the process that culminates in the preparation of of financia…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
23 terms
Intermediate Accounting, Ch. 6 by Kieso
annuity
annuity due
compound interest
deferred annuity
A series of payments or receipts (called rents) that occur at…
An annuity in which each rent is payable/receivable at the be…
Interest that accrues on both the principal and the interest…
An annuity in which the rents begin after a specified number…
annuity
A series of payments or receipts (called rents) that occur at…
annuity due
An annuity in which each rent is payable/receivable at the be…
77 terms
Intermediate Accounting, Chapter 7 by Kieso
accounts receivable
aging schedule
allowance method
bank overdrafts
Oral promises of the purchaser to pay for goods and services…
A schedule (worksheet or spreadsheet) that shows a company's…
A method for recording uncollectible ... accounts receivable by…
Occur when a company writes a check for more than the amount…
accounts receivable
Oral promises of the purchaser to pay for goods and services…
aging schedule
A schedule (worksheet or spreadsheet) that shows a company's…
498 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1-6
What was the first thought in "Thinkin…
What was the second thought in "Thinki…
What was the third thought in "Thinkin…
What was the fourth thought in "Thinki…
How to deliver customized level of information that the diffe…
When preparing financial reports, it is difficult to ensure c…
We may want to consider a more comprehensive business reporti…
We must consider how to deliver all of this information in a…
What was the first thought in "Thinkin…
How to deliver customized level of information that the diffe…
What was the second thought in "Thinki…
When preparing financial reports, it is difficult to ensure c…
45 terms
Kieso's 13th Edition Intermediate Accounting, Ch. 4
An entry in the stockholders' equity s…
A retained earnings account that is re…
An income measurement approach in whic…
Adjustments or changes that companies…
accumulated other comprehensive income
appropriated retained earnings
capital maintenance approach
changes in estimates
An entry in the stockholders' equity s…
accumulated other comprehensive income
A retained earnings account that is re…
appropriated retained earnings
25 terms
Intermediate Accounting | Kieso 15th Edition
Managerial Accounting
Financial Accounting
Essential characteristics of accounting
Objective of financial reporting
The process of identifying, measuring, analyzing, and communi…
The process that culminates in the preparation of financial r…
(1) The identification, measurement, and communication of fin…
The objective of general-purpose financial reporting is to pr…
Managerial Accounting
The process of identifying, measuring, analyzing, and communi…
Financial Accounting
The process that culminates in the preparation of financial r…
78 terms
Intermediate Accounting by Kieso, Ch. 3
collects and processes transaction dat…
How much and what kind of debt is outs…
A happening of consequence. An event g…
An external event involving a transfer…
accounting information system
What kinds of questions do a good accounting information syst…
event
transaction
collects and processes transaction dat…
accounting information system
How much and what kind of debt is outs…
What kinds of questions do a good accounting information syst…
48 terms
Intermediate accounting-Kieso- Chapter 14
What's the difference between bonds an…
Long-term debt
covenants
indenture
Notes are generally issued to a single lender (usually throug…
consists of probable future sacrifices of economic benefits a…
restrictions
agreement
What's the difference between bonds an…
Notes are generally issued to a single lender (usually throug…
Long-term debt
consists of probable future sacrifices of economic benefits a…
158 terms
Kieso's 13th Edition Intermediate Accounting - Ch. 1
How to deliver customized level of inf…
When preparing financial reports, it i…
We may want to consider a more compreh…
We must consider how to deliver all of…
What was the first thought in "Thinking outside the box"?
What was the second thought in "Thinking outside the box"?
What was the third thought in "Thinking outside the box"?
What was the fourth thought in "Thinking outside the box"?
How to deliver customized level of inf…
What was the first thought in "Thinking outside the box"?
When preparing financial reports, it i…
What was the second thought in "Thinking outside the box"?
82 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
57 terms
Intermediate Accounting Ch. 5, Kieso
Presentation in a classified balance s…
An account that increases either an as…
Debt securities not classified as held…
Financial statement that shows the fin…
account form
adjunct account
available-for-sale
balance sheet
Presentation in a classified balance s…
account form
An account that increases either an as…
adjunct account
57 terms
Intermediate Accounting Ch. 5, Kieso
account form
adjunct account
available-for-sale
balance sheet
Presentation in a classified balance sheet that lists assets…
An account that increases either an asset, liability, or owne…
Debt securities not classified as held-to-maturity or trading…
Financial statement that shows the financial condition of a c…
account form
Presentation in a classified balance sheet that lists assets…
adjunct account
An account that increases either an asset, liability, or owne…
81 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
59 terms
Intermediate Accounting I-Kieso-Chapter 11
Depreciation
Depletion
Amortization
What questions should be asked to dete…
The accounting process of allocating cost of tangible assets…
The reduction in the cost of natural resources (such as timbe…
The expiration of intangible assets, such as patents or copyr…
1-What depreciable base is to be used for the asset?... 2-What i…
Depreciation
The accounting process of allocating cost of tangible assets…
Depletion
The reduction in the cost of natural resources (such as timbe…
79 terms
Intermediate Accounting I-Kieso-Chapter 8
Inventories
Merchandising Concern
Merchandise Inventory
Manufacturing Concern
Asset items that a company holds for sale in the ordinary cou…
Purchases its merchandise in a form ready for sale.
Account used to report the cost assigned to unsold units left…
Produces goods to sell to merchandising firms
Inventories
Asset items that a company holds for sale in the ordinary cou…
Merchandising Concern
Purchases its merchandise in a form ready for sale.
52 terms
Intermediate Accounting I-Kieso-Chapter 2
Conceptual framework
What do the concepts in the framework…
Why do we need a conceptual framework?
FASB conceptual framework
Establishes the concepts that underlie financial reporting, i…
1)identifying the boundaries of financial reporting... 2)selecti…
1)The framework allows the FASB to issue more useful and cons…
The FASB has issued seven Statements of Financial Accounting…
Conceptual framework
Establishes the concepts that underlie financial reporting, i…
What do the concepts in the framework…
1)identifying the boundaries of financial reporting... 2)selecti…
81 terms
Intermediate Accounting, Kieso Chapter 8
average cost method
consigned goods
cost flow assumptions
dollar-value LIFO
Inventory-costing method that prices items in the inventory o…
Inventory held by one party (the consignee) who acts as the a…
Several systematic assumptions about the flow of inventory, u…
A variation of the LIFO inventory-costing method; it determin…
average cost method
Inventory-costing method that prices items in the inventory o…
consigned goods
Inventory held by one party (the consignee) who acts as the a…
57 terms
Intermediate Accounting Ch. 5, Kieso
Presentation in a classified balance s…
An account that increases either an as…
Debt securities not classified as held…
Financial statement that shows the fin…
account form
adjunct account
available-for-sale
balance sheet
Presentation in a classified balance s…
account form
An account that increases either an as…
adjunct account
29 terms
Intermediate Accounting I-Kieso-Chapter 4
Usefulness of the Income Statement
Limitations of the Income Statement
Earnings Management
What are ways companies use earnings m…
1)Evaluate the past performance of the company... 2)Provide a ba…
1)Companies omit items from the income statement that they ca…
The planned timing of revenues, expenses, gains, and losses t…
1) Companies use to increase income in current year at the ex…
Usefulness of the Income Statement
1)Evaluate the past performance of the company... 2)Provide a ba…
Limitations of the Income Statement
1)Companies omit items from the income statement that they ca…
1 of 10