Match the terms on the left with the descriptions on the right:

_______ 1. Bookkeeping

_______ 2. Creditors

_______ 3. Money measure

_______ 4. Financial Accounting Standards Board (FASB)

_______ 5. Business transactions

_______ 6. Financial statements

_______ 7. Communication

_______ 8. Securities and Exchange Commission (SEC)

_______ 9. Investors

_______ 10. Sarbanes-Oxley Act

_______ 11. Managements

_______ 12. Management information system

a. The recording of all business transactions in terms of money

b. A process by which information is exchanged between individuals through a common system of symbols, signs, or behavior

c. The process of identifying and signing values to business transactions

d. Legislation ordering CEOS and CFOs to swear that any reports they file with the SEC are accurate and complete

e. Shows how well a company is meeting the foals of profitability and liquidity

f. Collectively, the people who have overall responsibility for operating a business and meeting its goals

g. People who commit money to earn a financial return

h. The interconnected subsystems that provide the information needed to run a business

i. The most important body for developing and issuing rules on accounting practice, called Statements of Financial Accounting Standards

j. An agency set up by Congress to protect the public by regulating the issuing, buying, and selling of stock

k. Economic events that affect a business’s financial position

l. People to whom money is due