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Accounting 2102

Chapter 18 ,19, 20 definintion and equations

TermDefinition
Helps creditors make lending decisions Financial Accounting
helps in planning and Controlling operations Managerial Accounting
Is not required to follow GAAP Managerial Accounting
has a focus on the future managerial accounting
Summary reports prepared quarterly or annually Financial Accounting
Salaries paid to lawyers period Cost
Company that makes cast iron pans Manufacturing company
Tires used in the manufacturing of automobiles Product cost
Department store Merchandising Company
Dentist Office Service Company
External -investors,creditors,and government authorities Financial Accounting
Internal-the company's managers and employees managerial accounting
help investors and creditors make investment and credit decisions Financial Accounting
total cost / total number of services provided = unit cost per service
Created by: john.ovalles1