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