IEA 2102 - CH1

It is the language of business, where it is the process of organizing, analyzing, and communicating financial information that is used in decision making.

A type of accounting where it measures the financial performance of an organization using standard conventions to prepare and distribute an accounting report.

Uses both financial and nonfinancial information in decision-making within an organization (internal).

A type of business that is the marketing and sales of products, and an example of it are the non-profit organizations.

In general, it designates a supplier of money. It means that some other financial institutions can be this.

It designates a provider of money in its relationship to a specific borrower. An example of it is banks.

They provide the initial seed money for startup businesses, usually in exchange for ownership equity in the company.

These are private equity investors who provides newly created companies with capital in exchange for an equity stake.

A principle which a cash is given for a service, this principle is its measured as the amount of cash paid.

This principle provides guidance on when a company must recognize their gains. Meaning to recognize it, the earnings must be recorded.