Principles of Accounting

This class was created by Brainscape user Dawn Gunter. Visit their profile to learn more about the creator.

Decks in this class (22)

Ch 1 - Accounting, The Lang of Bus VOCAB
Define accounting 8 1,
Define accounting system 3 2,
Define auditing 3
26  cards
Ch 2 - Analyzing Bus Trans VOCAB
Define accounts payable 1,
Define accounts receivable 2,
Define assets 3
20  cards
Ch 1 - Acct, Lang of Business GEN 1
What three things is an accountin...,
What are the three main responsib...,
What are the three main areas of ...
19  cards
Ch 1 - Acct, Lang of Business GEN 2
When does sec grant and exception...,
What is the purpose of gaap 2,
What are the 5 main steps of crea...
12  cards
Ch 3 - Analyzing Bus Trans VOCAB
Define account balance 1,
Define accounts 2,
Define chart of accounts 3
16  cards
Ch 2 - Analyzing Bus Trans GEN
What is the equation for determin...,
What are the steps to analyze the...,
What are two alternate names for ...
18  cards
Ch 4 - Gen Ledger and Journal VOCAB
Define accounting cycle 1,
Define audit trail 4 2,
Define balance ledger form 3
12  cards
Ch 5 - Adj and Worksheet VOCAB
Define account form balance sheet 1,
Define adjusting entries aka adju...,
Define book value 3
11  cards
Ch 6 - Close Entry and Trial Bal VOCAB
Define closing entries 1,
Define income summary account 2,
Define interpret 3
4  cards
Ch 7 - Accting Sales and A/R VOCAB
Define accounts receivable ledger 1,
Define charge account sales 2,
Define contra revenue account 3
24  cards
Ch 8 - Purchases and AP VOCAB
Define accounts payable ledger 1,
Define cash discount 2,
Define cost of goods sold 3
16  cards
Ch 9 - Cash Rec, Pay and Bank Proc VOCAB
Define bank reconciliation statem...,
Define blank endorsement 2,
Define bonding 3
31  cards
Ch 10 - Payroll Comps, Recs and Pay VOCAB
Define commission basis 1,
Define compensation record indivi...,
Define employee 3
19  cards
Ch 11 - Payroll Taxes, Dep and Reports VOCAB
Define employer s annual federal ...,
What is irs form 940 2,
What is the employer s quarterly ...
12  cards
IRS Forms
Form 8109 1,
Form 941 2,
W 2 3
14  cards
Ch 11 - Payroll Reporting Topics
When is an employer required to u...,
What is the penalty if an employe...,
What decides the frequency of fed...
21  cards
Ch 11 - topics pt 2
What two forms are sent to the ss...,
What info is included on the annu...,
When is the w 3 w 2 packet due to...
16  cards
Ch 12 - Accruals, Deferrals and Worksheet VOCAB
What is accrual basis 1,
What are accrued expenses 2,
What is accrued income 3
11  cards
Ch 13 - Financials and Closing VOCAB
What is a classified financial st...,
Define current assets 2,
Define current liabilities 3
14  cards
Formulas and report orders
Net sales formula 1,
Net delivered cost of purchases f...,
Total merchandise available for s...
18  cards
Ch 14 - Acct Principles and Report Standards VOCAB
Define accrual basis 1,
Define conceptual framework 2,
Define conservatism 3
20  cards
Ch 15 - AR and Uncollectibles VOCAB
What is aging the accounts receiv...,
Define allowance method 2,
Define direct charge off method 3
4  cards

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Principles of Accounting

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Looking for something else?

Principles of Accounting - Managerial
  • 11 decks
  • 624 flashcards
  • 67 learners
Decks: Chapter 1 Managerial Accounting And Cost, Chapter 2 Calculating Unit Product Costs, Chapter 3 Cost Flows And External Report, And more!
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