Wgu C213 Accounting For Decision Makers

authorize – وُكَّل ، مُفوّض
Accounting Equation – assets= Liabilities+equity
Drawings – money withdrawn by the owner from the business
Accounting standards update (ASU) – A transient document which communicates the details of specific amendments to the FASB codification. Explains the Boards decisions
annual report – Document distributed to share holders and other interested parties that contains financial statements , notes to the financial statements
Sales Return – A firm's acceptance of a return of goods from a customer.
Interpreting – Deciding the meaning & importance of info in various reports
service business – A business the performs an activity for a fee
investing activities – purchase of resources a company needs to operate
estados contables al 31 de diciembre presentados en forma comparativa – financial statements as of december 31st comparatively presented with the prior year
A couple decides that they want to have three daughters. What is the probability that this will actually occur?   
Vertical analysis – Each line represents a percentage of sales
Depreciation – the loss in value of a fixed asset due to the wear and tear and the passage of time; or a method of matching the cost of a fixed assets against the revenue that the fixed asset will help produce during its useful life.
A cоuple decides thаt they wаnt tо hаve three daughters. What is the prоbability that this will actually occur?   
Asset, Balance Sheet – Type and Statement for: Interest Receivable
Bookkeeper/Information Processor. – One who is involved in the process of recording financial information in a prescribed manner.
FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) – THE PRIVATE ORGANIZATION THAT DETERMINES HOW ACCOUNTING IS PRACTICED IN THE UNITED STATES
Unacceptable units of production that are discarded or sold for reduced prices are referred to as:
a. reworked units
b. spoilage
c. scrap
d. defective units – b. spoilage
Equity – Owner's claim on the assets of a business; equals the residual interest in an entity's assets after deducting liabilities; also called net assets.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply