Accounting

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Author:
lisayotree
ID:
172454
Filename:
Accounting
Updated:
2012-09-21 22:26:23
Tags:
Intro acct business
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Description:
chapter 1
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  1. Accounting
    an information and measurement system that identifies, records, and communicates revelant, reliable, and comparable information about an organization's business activities.
  2. Accounting Equation
  3. Assets
  4. Audit
  5. Auditors
  6. Balance Sheet
  7. Bookkeeping/Recordkeeping
    the recording of transactions and events, either manually or elecctronically.
  8. Business Entity Assumption
  9. Common Stock
  10. Conceptual Framework
  11. Contributed Capital
  12. Corporation
  13. Cost-benefit Constraint
  14. Cost Principle
  15. Dividends
  16. Equity
  17. Ethics
  18. Events
  19. Expanded accounting equation
  20. Expense recognition principle
  21. Expenses
  22. External Transactions
  23. External Users
  24. Financial Accounting
    the area of accounting aimed at serving external users by providing them with general-purpose financial statements
  25. Financial Accounting Standards Board (FASB)
  26. Full disclosure principles
  27. Generally Accepted Accounting Principles (GAAP)
  28. Going-concern Assumption
  29. Income Statement
  30. Internal transactions
  31. Internal Users
    those directly involved in managing and operating an organization.
  32. International Accounting Standards Board (ISAB)
  33. International Financial Reporting Standards (IFRS)
  34. Liabilities
  35. Managerial Accounting
  36. Matching principle 
  37. Materiality Constraint
  38. Measurement Principle
  39. Monetary Unit Assumption
  40. Net Income
  41. Net loss
  42. Partnership 
  43. Proprietorship
  44. Retained Earnings
  45. Return 
  46. Return on Assets
  47. Revenue Recognition Principle
  48. Revenues 
  49. Risk
  50. Sarbanes-Oxley Act
  51. Securities and Exchange Commission (SEC)
  52. Shareholders
  53. Shares
  54. Sole Proprietorship
  55. Statement of Cash Flows
  56. Statement of Retained Earnings
  57. Stock
  58. Stockholders
  59. Time Period Assumption
  60. general-purpose
    refers to the broad range of purposes for which external users rely on these statements

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