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Accounting
Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal An accounting record in which transactions are initially recorded in chronological order A system that records the 2-sided effect of each transaction in appropriate accounts Independent observers, using the same methods, obtain similar results Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Organization that uses the same accounting principles and methods from year to year The procedure of transferring journal entry amounts to the ledger accounts Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid Results when different organizations use the same accounting principles Primary accounting standard-setting body for the U.S. A list of names of an organizations accounts

Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal An accounting record in which transactions are initially recorded in chronological order A system that records the 2-sided effect of each transaction in appropriate accounts Independent observers, using the same methods, obtain similar results Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Organization that uses the same accounting principles and methods from year to year The procedure of transferring journal entry amounts to the ledger accounts Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid Results when different organizations use the same accounting principles Primary accounting standard-setting body for the U.S. A list of names of an organizations accounts

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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=HCS/380: Week 1 - Terminology X Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal hp An accounting record in which transactions are initially recorded in chronological order A system that records the 2-sided effect of each transaction in appropriate accounts Independent observers, using the same ods, similar results Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Organization that uses the same accounting principles and methods from year to year The procedure of transferring journal entry amounts to the ledger accounts Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid Results when different organizations use the same accounting principles Primary accounting standard-setting body for the U.S. A list of names of an organizations accounts
Transcribed Image Text:=HCS/380: Week 1 - Terminology X Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal hp An accounting record in which transactions are initially recorded in chronological order A system that records the 2-sided effect of each transaction in appropriate accounts Independent observers, using the same ods, similar results Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Organization that uses the same accounting principles and methods from year to year The procedure of transferring journal entry amounts to the ledger accounts Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid Results when different organizations use the same accounting principles Primary accounting standard-setting body for the U.S. A list of names of an organizations accounts
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