1. Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.
温州风俗 2. Bookkeeping is the recording of transactions and events and is only part of accounting.
3. An accounting information system communicates data to help business make better decisions.
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4. Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal urs.
5. Internal operating activities include rearch and development, distribution, and human resources.
6. The primary objective of financial accounting is to provide general purpo financial statements to help external urs analyze and interpret an organization's activities.
7. External auditors examine financial statements to verify that they are prepared according to generally accepted accounting principles.
8. External urs include lenders, shareholders, customers, and regulators. 网名伤感
9. Regulators often have legal authority over certain activities of organizations.
10. Internal urs include lenders, shareholders, brokers and managers.
蒜蓉青菜11. Opportunities in accounting include auditing, consulting, market rearch, and tax planning.
12. Identifying the proper ethical path is easy.
13. The Sarbanes-Oxley Act (SOX) requires each issuer of curities to disclo whether is has adopted a code of ethics for its nior financial officers and the contents of that code.
种植的方法14. The fraud triangle asrts that there are three factors that must exist for a person to c
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ommit fraud; the factors are opportunity, pressure, and rationalization.
15. The Sarbanes-Oxley Act (SOX) does not require public companies to apply both accounting oversight and stringent internal controls.
16. A partnership is a business owned by two or more people.
17. Owners of a corporation are called shareholders or stockholders.
18. In the partnership form of business, the owners are called stockholders.
19. The balance sheet shows a company’s net income or loss due to earnings activities over a period of time.
20. The Financial Accounting Standards Board is the private group that ts both broad and specific accounting principles.
21. The business entity principle means that a business will continue operating for an indefinite period of time.
22. Generally accepted accounting principles are the basic assumptions, concepts, and guidelines for preparing financial statements.
23. The business entity assumption means that a business is accounted for parately from other business entities, including its owner or owners.
24. As a general rule, revenues should not be recognized in the accounting records until it is received in cash.
25. Specific accounting principles are basic assumptions, concepts, and guidelines for preparing financial statements and ari out of long-ud accounting practice.
26. General accounting principles ari from long-ud accounting practices.
27. A sole proprietorship is a business owned by one or more persons.
28. Unlimited liability is an advantage of a sole proprietorship.
29. Understanding generally accepted accounting principles is not necessary to u and i
nterpret financial statements.
30. The International Accounting Standards board (IASB) has the authority to impo its standards on companies around the world.
31. Objectivity means that financial information is supported by independent unbiad evidence.
32. The idea that a business will continue to operate instead of being clod or sold underlies the going-concern assumption.
33. According to the cost principle, it is preferable for managers to report an estimate of an ast's value.
超级工程第二季>鳄鱼怕怕牙医怕怕34. The monetary unit assumption means that all international transactions must be expresd in dollars.
35. The International Accounting Standards Board (IASB) is the government group that establishes reporting requirements for companies that issue stock to the public.
36. A limited liability company offers the limited liability of a partnership or proprietorship and the tax treatment of a corporation.
