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Αρχική Δυνατότητες Πλάνα τιμών
Fiscal Year - an accounting year of any 12 consecutive months that may or may not coincide with the calendar year. , Matching Principle - Guides accounting for expenses and ensures all expenses are recorded when they are incurred during the period. , Unadjusted Trial Balance - lists the revenues and amounts are incomplete because they omit various revenue and expense transactions , Adjusting Entries - Made at the end of the accounting period to record revenues to the period in which they are earned and expenses to the period in which they occur, Accruals - Record an expense before the cash is paid, or records revenue before the cash is received, Deferrals - Defer the recognition of revenue or expense to a date after the cash is received or paid, Revenue Recognition Principle - Tells Accoutants when to record revenue and requires companies follow a five step process , Time Period Concept - assumes business activities are sliced into small time segments and that financial statements can be prepared for specific periods, such as a month, quarter, or year., Depreciation - The allocation of plant asset's cost cover its useful life, Property, plant, and equipment - Represent long-lived tangible assets used in the operations of the business.,

ACCT 4A Warm Up

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