Term
| what three types of reports do accountants prepare? |
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Definition
balance sheet
income statement
statement of cash flow |
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Term
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Definition
| reviews and evaluates records used to prepare a companies financial statements |
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Term
| how do computers aid accountants? |
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Definition
| they simplify the mechanical tasks involved in accountants. it enables managers to get financial reports exactly right |
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Term
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Definition
| systematic write off of the cost of tanigiable assests over its estamated useful life |
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Term
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Definition
| method for calculating cost of inventory |
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Term
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Definition
| ratio of firms current assets to its current liabilities. |
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Term
| what does most baisan affective budget have? |
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Definition
| balance sheet, income statement, cash flow statement |
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Term
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Definition
| a company can recall the bond before the bond matures |
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Term
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Definition
| issuer of a bond periodically retires part of the bond principal prior to maturity date |
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Term
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Definition
| most basic for of ownership in a firm |
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Term
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Definition
| the positive difference btween the purchase purchase and sale price of a stock |
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Term
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Definition
| gives the stockholders two or more of the stock for each they all ready own |
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Term
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Definition
| anything people accept as payment for goods or services |
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Term
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Definition
| money that can accessed quickly and easily |
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Term
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Definition
| money included in M1 plus money that might take a little more time to obtain |
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Term
| international monetary fund |
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Definition
| organization that assists the smooth flow of money among nations |
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Term
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Definition
| the bank responsible for financing economic development |
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Term
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Definition
| promise by the bank to pay the seller a certain amount if conditions are met |
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Term
| what does financial panning consist of? |
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Definition
save money
earn money
spend mony wisely
insure assets against unexpected lose |
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Term
| first step in controlling personal finance |
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Definition
| take an inventory of your financial assets |
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