Term
| What are Capital Markets? |
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Definition
| Consists of all investors and credits |
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Term
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Definition
| This form of accounting is chiefly concerned with providing relevant financial information to various external users. |
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Term
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Definition
| Shareholders, Stock Brokers, Financial Analysts all comprise the External Users |
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Term
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Definition
| This is the term used to refer to the process of providing information to external users. |
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Term
| Initial Market Transactions |
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Definition
| This form of transaction involves the issuance of stocks and bonds by the corporation |
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Term
| Secondary Market Transaction |
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Definition
| This form of transaction involves the transfer of stocks and bonds between individuals and institutions. |
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Term
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Definition
| The rate that measures the investment payback including dividends and share price appreciate. Expressed as Dividends + Share Price Appreciation / Initial Investment |
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Term
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Definition
| This model of accounting focuses on showing when cash was received rather than when it was earned. |
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Term
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Definition
| This procedure measures the difference between cash receipts and cash payments from transactions related to providing goods and services to customers. |
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Term
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Definition
| This number expresses the difference between revenues and expenses. |
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Term
| GAAP (generally accepted accounting principles) |
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Definition
| This is a set of both broad and specific guidelines that companies should follow when measuring and reporting the information in their financial statements. |
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Term
| Security and Exchange Commission |
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Definition
| This government body was created under the 1934 Act in order to set accounting and reporting Standards. |
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Term
| What year was the FASB established? |
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Definition
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Term
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Definition
| The overriding objective of financial accounting |
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Term
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Definition
| This fundamental characteristic of bringing decision usefulness to external users of financial statements must include predictive value and confirmatory value. |
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Term
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Definition
| This is a component necessary to relevance in financial statements, and its useful in predicting the future. |
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Term
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Definition
| This information is a component necessary for relevance, and it helps confirm expectations. |
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Term
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Definition
| This is an important component of Relevance and relates to decision usefulness needed for financial reporting. This aspect depends on the size of the asset or liability versus the size of the overall company or particular situation. |
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Term
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Definition
| This fundamental characteristic of Decision Usefulness relies on aspects such as completeness, neutrality and freeness from error. |
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Term
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Definition
| This component of faithful representation is exhibited when financial statements exhibit all information necessary for useful decisions externally. |
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Term
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Definition
| This component of Faithful Representation implies freedom from bias, usually a difficult task to regulate due to political and economic pressures externally. |
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Term
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Definition
| In order to satisfy faithful representation for useful decision making, the form must be complete, neutral and ____. |
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Term
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Definition
| This enhancing characteristic of decision usefulness allows users to see similarities and differences between events and conditions, and is important for interfirm comparisons. |
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Term
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Definition
| This enhancing qualitative characteristic permits valid comparisons among different reporting periods of time to enhance decision useful external decision making. |
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Term
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Definition
| This enhancing characteristic of decision usefulness implies that different knowledgeable independent measurers of the accounting information would reach a consensus about whether the accounting information is reprentationally faithful. |
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Term
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Definition
| This enhancing characteristic of decision usefulness is helpful when information is available early enough to allow users to use it in their decision making processes, and usually requires that companies report periodically. |
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Term
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Definition
| This enhancing characteristic of accounting means that users must be able to comprehend the information presented within the context of the decision being made. |
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Term
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Definition
| Residual interesting assets of an entity that remains after deducting liabilities. |
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