会计学原理英文名词解释

《会计学原理》名词解释

1.Accounting: is an information and measurement system that

identifies records and communicates relevant reliable and comparable information about an organization’s business activities.(P2)

2.Managerial accounting: is the area of accounting that serves the

decision-marking needs of internal users.(P4)

3.Events: refer to happenings that affect an entity’s accounting

equation and can be reliably measured.(P11)

4.External user: of accounting information are not directly involved in

running the organization.(P3)

5.Internal user: of accounting information are those directly efficiency

and effectiveness of an organization.(P4)

6.Ethics: are beliefs that distinguish right from wrong. They are

accepted standards of good and bad behavior.(P5)

7.Cost principle: means that accounting information is based on actual

cost.(P7)

8.Revenue recognition principle: provides guidance on when a

company must recognize revenue.(P7)

9.Matching principle: prescribes that a company must records its

expenses incurred to generate the revenue reported.(P7)

10.Going-concerning assumption: means that accounting information

reflects a presumption that the business will continue operating instead of being closed or sold.(P7)

11.Audit:through review of an organization’s accounting records and

accounting reports and return make by the analysis.

income:amount a business earns after paying all expenses and

costs associated with its sales and revenues.(P15)

13.Income statement: describes a company’s revenues and expenses

along with the resulting net income or loss over a period time due to earnings activities.(P14)

14.Statement of owner’s equity: explains changes in equity from net

income (or loss) and from any owner investments and withdrawals over a period of time.(P14)

15.Balance sheet: describ es a company’s financial position (types and

amounts of assets liabilities and equity) at a point in time.(P15)

16.Statement of cash flows: identifies cash inflows (receipts) and cash

outflows (payments) over a period of time.(P15)

17.Owner’s withdrawals account: the account used to record the

transfers of assets from a business to its owner. (P31)

18.Liabilities: is what a company owes its no owners (creditors) in future

payments, products, or services.(P10)

19.Accounting equation: Assets=Liabilities + Equity.(P10)

20.Accrued expense: refer to costs that are incurred in a period but are