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