Term
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Definition
| what type of accounting furnishes information to those inside and outside the organization in order to help them assess the firm's performance |
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Term
| GAAP-Generally Accepted Accounting Principles |
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Definition
| The principles for financial reporting that are established by an independent agency called the Financial Accounting Standards Board are known as what? |
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Term
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Definition
| A financial statement that shows what your sales and exspenses are and whether you made a profit is known as what? |
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Term
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Definition
| On an income statement the difference between Gross Profit and Operating Expenses is known as what? |
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