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| info system that identifies records & economic events |
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| Report that presents finance info including notes statements etc |
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| Owned things (Cash, property) |
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| Statement showing assets and claims |
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| Basic Amounting Equation (BAE) |
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| Certified Public Accountant (CPA) |
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| certified corporation auditor |
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| Total $ paid for shares purchased |
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| Cash payment to stockholder from corp. |
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| Assets consumed and how much it cost to make profit |
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| Statement showing revenue and expense, then net gain or loss |
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| Management discussion & analysis (MD&A) |
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| Section of Annual report showing ability to pay liability, funds and expansions |
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| How much profit beats expenses |
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| How much expenses beats profit |
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| Notes to Financial Statements |
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| Clarify information (Footnotes) |
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| Business owned by 2 or more partners |
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| Amount net income retained in corp. |
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| Retained Earnings statement |
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| Summarizes changes for period of time |
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| Increase in assets from product or service of your business |
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| Regulations to reduce bad ethics |
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| Business owned by 1 person |
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| Statement showing receipts and payments of business of a per. of time |
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