Financial Accounting

balance de sumas y saldos – trial balance
Which of the following costs always differ among future alternatives?
a. fixed costs
b. historical costs
c. relevant costs
d. variable costs – c. relevant costs
Sale on account – a sale for which cash will be received at a later date
bank statement reconciliation – the process by which the depositor verifies agreement between his checkbook balance and the bank statement balance
proxy ballot – a voting ballot that gives you a part of the control in the company
Define – Cooperative – A c00perative is an enterprise or organization that is organized, owned and democratically controlled by the people who use it's products and services, and whose earning are distributed on the basis of use rather than an investment.
credit – The action of recording a decrease to an asset, expense, or divided account.
compare – összevet(hasonlít)
We see that a country's currency depreciates when ROIs fall. 
Stockholders – The owners of a corporation; also called shareholders.
Retained earnings – The amount of stockholder's equity that the corporation has earned through profitable operation and has not given back to stockholders.
Accounts Receivable – -are all of the money owed to a business for products already sold but not yet collected
Generally Accepted Accounting Principles – A set of rules and practices, having substantial authoritative support, that the accounting profession recognizes as a general guide for financial reporting purposes (SEC, FASB, IASB, PCAOB)
We see thаt а cоuntry's currency depreciаtes when ROIs fall. 
Today, financial accounting and reporting standards in the U.S. are established primarily by the: – Financial Accounting Standards Board
Code of Conduct – A statementthat guides the ethical behavior of a company and its employees
Career opportunities in accounting – Public/private accounting, governmental and non-for-profit accounting
Expanded Accounting Equations – Stockholders Equity (Beginning) + Additional Investments – Dividends + Revenue – Expenses = Stockholders Equity (End)
activity output – the result or product of an activity

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