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