Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
Accounting |
A system for recognizing, organizing, analyzing and reporting information |
|
|
GAAP |
A set of accounting standards used in financial statments |
|
|
FASB |
The private board that establishes the generally accepted accounting principles |
|
|
Income statement |
The financial statement that reports |
|
|
Balance sheet |
The financial system that reports the financial position of a firm |
|
|
Budgeting |
A management tool |
|
|
Statement of cash flow |
The financial statement that identifys a firms sources |
|
|
Fixed cost |
Costs that remain the same |
|
|
Variable cost |
Costs that variety directly |
