Relier Pairs Accounting Financial TermsVersion en ligne Vocab Review par Sylvia Duran 1 horizontal analysis 2 FASB 3 GAAP 4 liabilities 5 owner's equity 6 balance sheet 7 fixed costs 8 statement of cash flows 9 income statement 10 assets 11 accounting 12 financial accounting 13 activity based costing the branch of accounting that prepares financial statements for use by owners, creditors, suppliers, and other external stakeholders the financial statement that reports the revenues, expenses, and net income that resulted from a firm's operations over an accounting period costs that remain the same when the level of production changes within some relevant range claims that outsiders have against a firm's assets the claims a firm's owners have against their company's assets generally accepted accounting principles Financial Accounting Standards Board a financial statement that reports the financial position of a firm by identifying and reporting the value of the firm's assets. liabilities, and owner's equity the financial statement that identifies a firm's sources and uses of cash in a given accounting period a system for recognizing, organizing, analyzing, and reporting information about the financial transactions that affect an organization resources owned by a firm analysis of financial statements that compares account values reported on these statements over two or more years to identify changes and trends a technique to assign product costs based on links between activities that drive costs and the production of specific products
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