Term
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Definition
| An organized array of assets, liabilities, and equity |
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Term
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Definition
| Relates to the amount of time before an asset is converted to cash or a liability is paid |
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Term
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Definition
| Items expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer |
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Term
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Definition
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Term
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Definition
| Will be satisfied through the use of current assets |
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Term
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Definition
| One-month U.S. Treasury bill |
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Term
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Definition
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Term
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Definition
| Current assets - current liabs |
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Term
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Definition
| Recorded when an expense is incurred but not yet paid |
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Term
| Sum of sig . acct. policies |
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Definition
| Important to user in comparing financial information across companies |
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Term
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Definition
| Occurs after the fiscal year-end but before the statements are issued |
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Term
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Definition
| The statements are presented fairly in conformity with GAAP |
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Term
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Definition
| Scope limitation or a departure from GAAP |
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