Term
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Definition
| planning, recording, analyzing, and interpreting financial information |
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Definition
| a planned process for providing financial information that will be useful to management |
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Definition
| organized summaries of a business's financial activities |
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Definition
| financial supports that summarize the financial condition and operations of a business |
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Definition
| a business that performs an activity for a fee |
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Term
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Definition
| a business owned by one person |
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Definition
| anything of value that is owned |
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Definition
| financial rights to the assets of a business |
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Definition
| an amount owed by a business |
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Definition
| the amount remaining after the value of all liabilities is subtracted from the value of all assets |
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Term
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Definition
| an equation showing the relationship among assets, liabilities, and owner's equity |
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Term
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Definition
| assets = liabilities + owner's equity |
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Term
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Definition
| the principles of right and wrong that guide an individual in making decisions |
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Term
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Definition
| the use of ethics in business making decisions |
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