Mind Tap - Cengage Learning-15 PDF

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I'm incredibly proud to have helped 1000's of people around the world become more confident and creative DJs.

In the last 6 years I have developed a wide range of DJ courses to suit beginner to advanced DJs. Don't take my word for it, take a look at what some of our students have said b...

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26-10-2020

MindTap - Cengage Learning

1.

2.

accounting

balance sheet

3.

4.

income statement

statement of cash flows

5.

6.

statement of retained earnings

management accounting

7.

8.

financial accounting

accounting information system (AIS)

9.

10.

International Accounting Standards Board (IASB)

generally accepted accounting principles (GAAP)

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26-10-2020

MindTap - Cengage Learning

2.

1.

statement that lists the balances of the asset, liability, and owners’ equity accounts of a business on a specific date

the recording, summarizing, and reporting of the economic activities and events of an organization

4. statement showing the company’s inflows and outflows of cash

6. the component of the accounting information system that provides the financial information needed internally by business managers for efficient (timely) and effective (correct) decision making

3. statement that summarizes the revenues earned and the expenses incurred by a business over a period of time

5. statement that shows the beginning balance for retained earnings, additions and reductions to retained earnings, and the ending balance of retained earnings

8. a system that has two principal objectives: (1) to provide all the financial information needed internally by management for business decision making, known as management accounting, and (2) to provide financial information to various external users concerned with the financial activities of the

7. the component of the accounting information system that provides financial information needed by external users, such as investors and lenders

9. 10. the principles by which financial statements are prepared

an independent, privately funded accounting standard-setter based in London, U.K., that issues International Financial Reporting Standards

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MindTap - Cengage Learning

11. Statements of Financial Accounting Standards (SFAS)

13. International Financial Reporting Standards (IFRS)

12. Financial statement analysis

14. financial ratio

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26-10-2020

MindTap - Cengage Learning

12.

11.

an evaluation of a company’s financial statements in order to identify significant trends or relationships among the items

part of the highest level of generally accepted accounting principles (GAAP), issued by the Financial Accounting Standards Board (FASB)

14.

a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements

13. the relationship of a number on the financial statements to another number

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