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| the practice of accounting for legal purposes |
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| professional designation administered by the association of certified fraud examiners in recognition of qualifications for a speicalty arae within forensic accounting |
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| sarbanes-oxley act of 2002 |
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| enactment of federal regulations to restore public trust in accouounting practices by imosing new requirements on financial activities in publicly traded corporations |
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| assets = liabilities + owners' equity; used by accountants to alance data for the firms financial transactions at various points in the year |
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| any economic resource expeced to benefit a firm or an individual who owns it |
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| debt owed owed by a firm to an outside organization or individual |
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| amount of money that woners would recieve if they sold all of a firms assets and paid all of its liabilites |
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| any of several types of reports summarizing a company's financial status to stakeholders and to aid in managerial decision making |
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| financial statement that supplies detailed information about a firm's assets, liabilities, and owners' equity |
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| asset that can or will be converted into cash within a year |
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| ease with which an asset can be converted into cash |
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| asset whith long=term use or value, such as land, buildings, and equipment |
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| accounting method for distribution the cost of an asset over its useful life |
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| nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit |
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| amount paid for an existing business above the value of its other assets |
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