Welcome to StudyStack, where users create FlashCards and share them with others. Click on the large flashcard to flip it over. Then click the green, red, or yellow box to move the current card to that box. Below the flashcards are blue buttons for other activities that you can try to study the same information.
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.

Remove ads
Don't know (0)
Know (0)
remaining cards (0)
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

385 quiz 1 acct

Accounting The identification, measurement, and communication of financial information about economic entities to interested persons
Financial Accounting Externally focused, must follow externally imposed rules (GAAP), objective financial, historical orientation
Management Accounting internally focused, no mandatory rules, financial and non-financial, emphasis on future
Objective of Financial reporting To provide financial information that is useful to users and this is decision-useful
Stakeholders Investors, Financial Analysts, brokers, lenders, employees and trade unions, suppliers, customers, government and regulatory agencies, donors
Efficient Markets Hypothesis Proposes that share prices reflect all information about a company. (i.e. users make capital allocation decisions using all relevant information)
Management Bias Income maximization, minimization, smoothing
Created by: davidvachon1

bad sites Copyright ©2001-2016  StudyStack LLC   All rights reserved.