financial accounting
horizontal analysis
fixed costs
owner's equity
FASB
statement of cash flows
balance sheet
accounting
GAAP
assets
liabilities
income statement
activity based costing
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
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
generally accepted accounting principles
the claims a firm's owners have against their company's assets
Financial Accounting Standards Board
resources owned by a firm
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
a technique to assign product costs based on links between activities that drive costs and the production of specific products
the financial statement that reports the revenues, expenses, and net income that resulted from a firm's operations over an accounting period
analysis of financial statements that compares account values reported on these statements over two or more years to identify changes and trends
claims that outsiders have against a firm's assets
