Accounting Terms

financial accounting

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• The calculation and interpretation of a financial ratio.

• The area of accounting that focuses on reporting information to internal users.

• The area of accounting which focuses on reporting information to external users.

• managerial accounting

• A comparison between two components of financial information.

• The area of accounting that focuses on reporting information to internal users.

• The ratio of net income to total sales.

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• statement of owner’s equity

• A financial statement that reports the changes in the capital account for a proprietorship for a period of time.

• The area of accounting which focuses on reporting information to external users.

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• The ratio of net income to total sales.

• financial ratio

• The area of accounting that focuses on reporting information to internal users.

• The ratio of net income to total sales.

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• A comparison between two components of financial information.

ratio analysis

• A comparison between two components of financial information.

• The area of accounting that focuses on reporting information to internal users.

• The calculation and interpretation of a financial ratio.

• The ratio of net income to total sales.

• vertical analysis

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• The calculation and interpretation of a financial ratio.

• The ratio of net income to total sales.

• The area of accounting that focuses on reporting information to internal users.

• return on sales (ROS)

• A financial statement that reports the changes in the capital account for a proprietorship for a period of time.

• Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

• The calculation and interpretation of a financial ratio.

• The ratio of net income to total sales.