Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Can you please match the term to the correct definition
30 Week 1 Terminology Matching Continued
Terminology Matching Continued
FASB
Comparability
Verifiable
Consistency
Free Cash Flow
Chart of Accounts
Double-Entry System
Posting
General Ledger
Journal
Independent observers, using the same methods, obtain
similar results
Contains all assets, liabilities, stockholder's equity, revenue,
and expense accounts
Net cash provided by operating activities after adjusting for
capital expenditures and cash dividends paid
The procedure of transferring journal entry amounts to the
ledger accounts
A list of names of an organization's accounts
A system that records the 2-sided effect of each transaction
in appropriate accounts
Results when different organizations use the same
accounting principles
Primary accounting standard-setting body for the U.S.
Organization that uses the same accounting principles and
methods from year to year
An accounting record in which transactions are initially
recorded in chronological order
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Transcribed Image Text:30 Week 1 Terminology Matching Continued Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal Independent observers, using the same methods, obtain similar results Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid The procedure of transferring journal entry amounts to the ledger accounts A list of names of an organization's accounts A system that records the 2-sided effect of each transaction in appropriate accounts Results when different organizations use the same accounting principles Primary accounting standard-setting body for the U.S. Organization that uses the same accounting principles and methods from year to year An accounting record in which transactions are initially recorded in chronological order
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