Match the terms on the left with the definition on the right: ________ 1. Accounting ________ 2.
Question:
Match the terms on the left with the definition on the right:
________ 1. Accounting
________ 2. Profitability
________ 3. Liquidity
________ 4. Financing activities
________ 5. Investing activities
________ 6. Operating activities
________ 7. Financial accounting
________ 8. Management accounting
________ 9. Ethics
________ 10. Fraudulent financial reporting
a. The process of producing accounting information for the internal use of a company’s managements.
b. Having enough cash available to pay debts when they are due.
c. Activities managements engages in to obtain adequate funds for beginning and continuing to operate a business.
d. The process of generating and communicating accounting information in the form of financial statements to decision makers outside the organization.
e. Activities management engages in to spend capital in ways that are productive and will help a business achieve its objectives.
f. The ability to earn enough income to attract and hold investments capital.
g. An information system that measures, processes, and communicates financial information about an identifiable economic entity.
h. The intentional preparation of misleading financial statements.
i. Activities management engages in to operate the business.
j. A code of conduct that addresses whether actions are right or wrong.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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