International Accounting Standards

average collection period – 365 over rec turnover
A favorable fixed overhead flexible-budget variance indicates that actual fixed costs exceeded the lump-sum amount budgeted. – False
Debtor – -anyone or business which owes money to the business (usually customers)
Accounting – Information system that measures, processes, and communicates financial information about an economic entity.
InternationalL Accounting Standards Board (IASB) – Group that identifies preferred accounting practices and encourages global acceptance; issues International Financial Reporting Standards (IFRS).
Current Ratio – Current assets / Current liabilities

Higher is better. Measures Liquidity.

When the Misfit shoots the grandmother, it shows how much he hatesĀ 
account – 1. bankszámla, 2. könyvelési számla
acid-test ratio – (cash + current investments + accounts receivable)/ current liabilities
Plants and equipment – factories and production machinery
1.IOP – (Initial Public Offering) a corporation's first offer to sell stock to the public.
Partnership – a multiple-owner business that is NOT a separate legal entity from its owners
When a funeral home makes a payment on a funeral coach which was purchased on credit, the transaction would be recorded by: – Debit Cash/Credit Accounts Payable
When the Misfit shооts the grаndmоther, it shows how much he hаtesĀ 
Inventory – Goods owned and held for sale to customers, and current assets
General Ledger – all accounts needed to prepare financial statements
37.Line costs – are fixed monthly payments for the use of networks or line.
Income tax – To fed/state/local, factors
Mariatal status
Amount of income
Withholding allowances (anyone you financially care for)
How often you get paod

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