Relacionar Columnas Accounting Financial TermsVersión en línea Vocab Review por Sylvia Duran 1 fixed costs 2 owner's equity 3 balance sheet 4 horizontal analysis 5 activity based costing 6 accounting 7 assets 8 financial accounting 9 statement of cash flows 10 liabilities 11 income statement 12 FASB 13 GAAP costs that remain the same when the level of production changes within some relevant range Financial Accounting Standards Board the financial statement that identifies a firm's sources and uses of cash in a given accounting period claims that outsiders have against a firm's assets the claims a firm's owners have against their company's assets a technique to assign product costs based on links between activities that drive costs and the production of specific products a financial statement that reports the financial position of a firm by identifying and reporting the value of the firm's assets. liabilities, and owner's equity the branch of accounting that prepares financial statements for use by owners, creditors, suppliers, and other external stakeholders resources owned by a firm analysis of financial statements that compares account values reported on these statements over two or more years to identify changes and trends the financial statement that reports the revenues, expenses, and net income that resulted from a firm's operations over an accounting period generally accepted accounting principles a system for recognizing, organizing, analyzing, and reporting information about the financial transactions that affect an organization
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