Top Accounting Flashcards - Page 3 by ProProfs

ACCOUNTING 301

Cards: 127| Attempts: 0| Last updated: Sep 16, 2015

The Essential Characteristics Of Accounting A...

The Identification, Measurement And Communica...

Financial Accounting Is

The Process That Culminates In The Preparatio...

Users Of Financial Statements Can Be:

Investors, Creditors, Managers, Unions, And G...

The Financial Statements Most Frequently Prov...

The Balance Sheet, The Income Statement, The ...

Forensic Exam 1

Cards: 34| Attempts: 0| Last updated: Sep 18, 2015

Burglary

Unlawfully Entering Structure To Commit A Cri...

Larceny (Theft)

Unlawfully Taking And Converting Personal Pro...

Robbery

Larceny Or Theft With Force Or Threat Of Inju...

Stealing

Theft--less Technical And Less Specific Legal...

Accounting Chapter 3 Vocabulary

Cards: 9| Attempts: 0| Last updated: Sep 22, 2015

Entry

Information For Each Transaction Recorded In ...

General Journal

journal With Two Amount Columns In Whic...

Double-entry Accounting

The Recording Of Debit And Credit Parts Of A ...

Source Document

A Business Paper From Which Information Is Ob...

COMM 335: Accounting Information Systems

Cards: 159| Attempts: 0| Last updated: Sep 22, 2015

Operational Databases

Databases That Are Used For Operating A Busin...

Data Warehouses

Where Data Is Stored For Future Analyzation A...

The Enterprise Database Includes:

- Operational Databases- Data Warehouses

Database Administrator

Responsible For Managing The Database System

Accounting Chapter 11

Cards: 5| Attempts: 0| Last updated: Sep 17, 2015

A Ledger That Is Summarized In A Single Gener...

Subsidiary Ledger

A Subsidiary Ledger Containing Only Accounts ...

Accounts Payable Ledger

A Subsidiary Ledger Containing Only Accounts ...

Accounts Receivable Ledger

An Account In A General Ledger That Summarize...

Controlling Account

Accounting 3131

Cards: 56| Attempts: 0| Last updated: Sep 17, 2015

Indicate Whether A Debit Will Increase Or Dec...

Increase

Indicate Whether A Debit Will Increase Or Dec...

Increase

Indicate Whether A Debit Will Increase Or Dec...

Decrease

Indicate Whether A Debit Will Increase Or Dec...

Increase

Ch.6- Accounting Vocab

Cards: 8| Attempts: 0| Last updated: Sep 22, 2015

Fiscal Period

Length Of Time For Which A Business Summarize...

Worksheet

A Columnar Form Used To Summarize The General...

Trial Balance

Proof Of The Equality Of Debits And Credits I...

Adjustments

Changes Recorded On A Work Sheet To Update Ge...

Accounting - Test 2

Cards: 45| Attempts: 0| Last updated: Sep 18, 2015

Merchandising Companies

Buy And Sell Merchandise As Their Primary Sou...

Retailers

Merchandisers That Purchase And Sell Directly...

Wholesalers

Merchandisers That Sell To Retailers

Primary Source Of Revenue For Merch Co.

Sale Of Merchandise = Sales Revenues/sales

What Is Cost Accounting And Its Relevant Steps Flashcards

Cards: 45| Attempts: 0| Last updated: Mar 31, 2021

Uses Linear Algebra And Global Consumption Ra...

Equally Accurate Simplification

Uses The Most Expensive Activities, The Inexp...

Approx. Relevant Simplification

Simplifying Costs After-the-fact

1. Approx. Relevant 2. Equally Accurate (TD...

Added To Cost Of Job (No Journal Entry)

Abnormal Spoilage

INSTRUCTIONS FOR CONGREGATION ACCOUNTING

Cards: 5| Attempts: 0| Last updated: Sep 23, 2015

What Is It That You Must Always Keep?

Always Keep Accurate And Up To Date Records.

What Must You Use For Keeping Congregation Re...

Use All The Forms Provided By The Branch Offi...

If Two Or More Congregations Share The Use Of...

If Two Or More Congregations Share The Kingdo...

When Opening A New Account What Documents Mus...

When Opening A New Account, Provide The Follo...

ACCOUNTING 317

Cards: 128| Attempts: 0| Last updated: Sep 16, 2015

Cost Mgmt Info

Is The Info The Manager Needs To Effectively ...

Cost Mgmt

The Practice Of Accounting In Which The Accou...

Mgmt Accountants

Are The Accounting Professionals Who Develop ...

Cost Mgmt Info Is Provided For What 4 Major M...

Strategic Mgmt, Planning And Decision Making,...

ACCOUNTING INFORMATION SYSTEMS

Cards: 98| Attempts: 0| Last updated: Sep 22, 2015

MANDATORY INFORMATION

Information That Must Be Supplied

ESSENTIAL INFORMATION

Info That Is Simply Needed To Do Business&nbs...

EXAMPLE OF ESSENTIAL INFORMATION

The Price Of A Product Or A Shipping Address

DISCRETIONARY INFORMATION

Information That A Company Might Or Might Not...

Accounting Information Systems

Cards: 70| Attempts: 0| Last updated: Sep 17, 2015

Transaction

An Agreement Between Two Entities To Exhange ...

Transaction Process

The Process That Begins With Capturing Transa...

Revenue Cycle

Where Goods And Services Are Solds For Cash O...

Expenditure Cycle

Where Companies Purchase Inventory For Resale...

Accounting

Cards: 17| Attempts: 0| Last updated: Sep 17, 2015

The Financial Statement That Reports The Reve...

Income Statement

The Financial Statement That Reports Teh Asse...

Balance Sheet

Under The Accrual Basis Of Accounting, Expens...

Service Or Goods Have Been Delivered

Under The Accrual Basis Of Accounting, Expens...

Expense Matches The Revenues Or Is Used Up

Accounting

Cards: 13| Attempts: 0| Last updated: Sep 30, 2015

AICPA

The Accounting Profession's Main Organization...

FASB

Current Authoritative Body For Developing GAA...

GASB

Establishes Standards For State And Local Gov...

IASB

Developer Of International Accounting Standar...

Accounting

Cards: 66| Attempts: 0| Last updated: Sep 22, 2015

Accounting Equation

Assets = Liabilities Plus Owner's EquityThe E...

Asset

What A Business Owns, (cash, Supplies, Buildi...

Liabilities

(debts), What A Business Owes To Creditors(cr...

Owner's Equity

Owed To The Owner