Term Definition Companies should use the same accounting methods each period to increase comparability in reporting Principle which states that companies should report enough information for investors, bankers, etc. to make knowledgeable decisions about the company An inventory costing method that treats the earliest purchases as the first units sold An inventory costing method that calculates the weighted average based on the total units available for sale divided by the quantity of units available. An inventory costing method that treats the most recent inventory purchases as the first units sold Congress approved law that requires companies to review internal controls and take responsibility for reporting on financial statements. Control used to compare and explain the differences between cash reported on the company's books and cash as reported by the bank. A fund set up to allow for small purchases of items with cash. A Company's plan and measures adopted to safeguard assets, encourage employees to follow policy, promote efficiencies, and encourage reliable accounting records. Employees of the company who are responsible for reviewing internal operations throughout the company to ensure controls are being followed, accuracy and reliability, Sub