CBAD 201 Final Exam – Questions With Proven Solutions
Save
Students also studied
Perio Study DENT 475 - Implant components NBDE II Review - Pro
Teacher 78 terms 42 terms 69 terms
Hunter_Charters Preview gillphil Preview melissa_jarvis7
Practice questions for this set
Learn 1 /7 Study with Learn
A mechanical part of accounting, just as arithmetic is a part of mathematics; accounting
as a field is much more than this mechanical part
Choose an answer
1 Accounting 2 Book Keeping
3 Faithful Representation 4 Proprietorship
Don't know?
Terms in this set (41)
An information system that measures business activities,
Accounting processes data into financial statements and reports, and
communicated results to decision makers. "Language of business"
Business documents companies use to report the results of their
Financial Statements
activities to people and groups
Users of Financial Statements Managers, investors, creditors, and regulatory agencies
The Accounting Cycle The process by which financial statements are made
A mechanical part of accounting, just as arithmetic is a part of
Book Keeping mathematics; accounting as a field is much more than this
mechanical part
Proprietorship One Owner, personal liability of owner for debts
Partnership Two+ owners, personal liability of owners for debts.
LLC (Limited Liability Company) "Members", personal liability of owners for debts: none
Corporation "Stockholders", personal liability of owners for debts: none
GAAP (Generally Accepted Formulated by FASB-USA, considered to be the strongest set of
Accounting Principles) accounting standards in the world
Save
Students also studied
Perio Study DENT 475 - Implant components NBDE II Review - Pro
Teacher 78 terms 42 terms 69 terms
Hunter_Charters Preview gillphil Preview melissa_jarvis7
Practice questions for this set
Learn 1 /7 Study with Learn
A mechanical part of accounting, just as arithmetic is a part of mathematics; accounting
as a field is much more than this mechanical part
Choose an answer
1 Accounting 2 Book Keeping
3 Faithful Representation 4 Proprietorship
Don't know?
Terms in this set (41)
An information system that measures business activities,
Accounting processes data into financial statements and reports, and
communicated results to decision makers. "Language of business"
Business documents companies use to report the results of their
Financial Statements
activities to people and groups
Users of Financial Statements Managers, investors, creditors, and regulatory agencies
The Accounting Cycle The process by which financial statements are made
A mechanical part of accounting, just as arithmetic is a part of
Book Keeping mathematics; accounting as a field is much more than this
mechanical part
Proprietorship One Owner, personal liability of owner for debts
Partnership Two+ owners, personal liability of owners for debts.
LLC (Limited Liability Company) "Members", personal liability of owners for debts: none
Corporation "Stockholders", personal liability of owners for debts: none
GAAP (Generally Accepted Formulated by FASB-USA, considered to be the strongest set of
Accounting Principles) accounting standards in the world
