intro to bus 2 chapter 15 understanding accounting and fin sys
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In Inglés
In Inglés
Practique preguntas conocidas
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Modos dinámicos
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Modo manual [beta]
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intro to bus 2 chapter 15 understanding accounting and fin sys - Marcador
intro to bus 2 chapter 15 understanding accounting and fin sys - Detalles
Niveles:
Preguntas:
39 preguntas
| 🇬🇧 | 🇬🇧 |
| Activities provide necessary funds to start a business and expand it after it begins operating | Financing |
| - an individual who provide timely relevant, accurate, and concise information that executives can use to operate their firms profitably and effectively | Management accountants |
| A federal law that prohibits Canadian citizens and companies from bribing foreign officials to win or continue business | Corruption of foreign public officials act |
| The set of activities involved in concerting information and individual transactions into financial statements | Accounting cycle |
| The funds that owners invest in the business plus any profits not paid to owners in the forms of cash dividends | Owners equity |
| All accounts in the ledger are summarized at the end of the accounting period, and financial statements are prepared from these account summaries | Summary of transaction shit |
| The process used to record accounting transactions; each individual transaction is always balanaced by another transaction | Double-entry bookkeeping |
| A record of the sources and uses of cash during a period of time the red indicated money out | Statement of cash flows |
| An accounting method that records revenue and expenses when they occur, not when cash actually changed | Accrual accounting |
| Measure a firm's ability to meet its short-term obligations | Liquidity ratios |
| Measure how effectively management uses the firm's resources | Activity ratios |
| Indicates the number of times merchandise moves through business inventory turnover = cost of goods sold/ average inventory | Inventory turnover ratio |
| Indicates how much in sales each dollar invested in assets generates | Total asset turnover ratio also |
| Measure the organizations overall financial performance by evaluating its ability to generate revenues in excess operating costs and other expenses | Profitability ratios |