Professional Documents
Culture Documents
The process of identifying, measuring, and communicating economic information about an organization for the purpose of making decisions and informed judgments. Accounting that recognizes revenues and expenses as they occur, even though the cash receipt from the revenue or the cash disbursement related to the expense may occur before or after the event that causes revenue or expense recognition. A document distributed to shareholders and other interested parties that contains the financial statements, explanatory notes, and management's discussion and analysis of financial and operating factors that affected the firm together with the report of the external auditor's examination of the financial statements. The process of examining the financial statements of an entity by an independent third party with the objective of expressing an opinion about the fairness of the presentation of the entity's financial position, results of operations, changes in financial position, and cash flows. The practice of auditing is less precisely referred to as public accounting . Procedures that are used to keep track of financial transactions and accumulate the results of an entity's financial activities. Cash receipts or disbursements of an entity. The job title of the person who is the chief accounting officer of an organization. The controller is usually responsible for both the financial and managerial accounting functions. Sometimes referred to as comptroller. A subset of managerial accounting that relates to the determination and accumulation of product, process, or service costs. An organization or individual who lends to the entity. Examples include suppliers who ship merchandise to the entity prior to receiving payment for their goods and banks that lend cash to the entity. An organization, individual, or a group of organizations or individuals for which accounting services are performed. Accounting that focuses on reporting an entity's financial position at a point in time and/or its results of operations and cash flows for a period of time.
accounting
accrual accounting
annual report
auditing
bookkeeping cash flow controller cost accounting creditor entity financial accounting
An organization composed of people from the public accounting profession, business, Financial Accounting and the public that is responsible for the funding of and appointing members to the Financial Accounting Standards Board (FASB) and the Governmental Accounting Foundation Standards Board (GASB) in the United States of America. The body responsible for establishing generally accepted accounting principles Financial Accounting (GAAP) which are the principle accounting standards for organizations within the USA or that are registered on the US Securities Exchange Commission (SEC) to sell Standards Board securities in the USA. Pronouncements of the Financial Accounting Standards Board (FASB) and its generally accepted predecessors that constitute appropriate accounting for various transactions used for accounting principles reporting financial position and results of operations to investors and creditors.
integrity internal auditing investor managerial accounting objectivity public accounting Public Company Accounting Oversight Board (PCAOB) Securities and exchange Commission (SEC)
Statements of Pronouncements of the Financial Accounting Standards Board that constitute generally Financial Accounting accepted accounting principles (GAAP). Standards