User contributions for Sfg02

15:2915:29, 29 January 2014 diff hist +213‎ N Variable Overhead Rate Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual variable overhead cost incurred during a period and the standard cost that should have been incurred based on..." current
15:2815:28, 29 January 2014 diff hist +245‎ N Variable Overhead Efficiency Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, ..." current
15:2715:27, 29 January 2014 diff hist +146‎ N Standard Rate Per Hour ‎ Created page with "{{Learning concept |Description=The labor rate that should be incurred per hour for labor time, including employment taxes and fringe benefits. }}" current
15:2515:25, 29 January 2014 diff hist +210‎ N Standard Quantity Per Unit ‎ Created page with "{{Learning concept |Description=The amount of an input that should be required to complete a single unit of product, including allowances for normal waste, spoilage, rejects, ..." current
15:2415:24, 29 January 2014 diff hist +225‎ N Standard Quantity Allowed ‎ Created page with "{{Learning concept |Description=The amount of an input that should have been used to complete the period's actual output. It is computed by multiplying the actual number of un..." current
15:2315:23, 29 January 2014 diff hist +78‎ N Standard Price Per Unit ‎ Created page with "{{Learning concept |Description=The price that should be paid for an input. }}" current
15:2215:22, 29 January 2014 diff hist +230‎ N Standard Hours Per Unit ‎ Created page with "{{Learning concept |Description=The amount of direct labor time that should be required to complete a single unit of product, including allowances for breaks, machine downtime..." current
15:2115:21, 29 January 2014 diff hist +202‎ N Standard Hours Allowed ‎ Created page with "{{Learning concept |Description=The time that should have been taken to complete the period's output. It is computed by multiplying the actual number of units produced by the ..." current
15:1915:19, 29 January 2014 diff hist +155‎ N Standard Cost Per Unit ‎ Created page with "{{Learning concept |Description=The standard quantity allowed of an input per unit of a specific product, multiplied by the standard price of the input. }}" current
15:1515:15, 29 January 2014 diff hist +165‎ N Standard Cost Card ‎ Created page with "{{Learning concept |Description=A detailed listing of the standard amounts of inputs and their costs that are required to produce one unit of a specific product. }}" current
15:0915:09, 29 January 2014 diff hist +282‎ N Quantity Variance ‎ Created page with "{{Learning concept |Description=A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have..." current
14:5914:59, 29 January 2014 diff hist +263‎ N Price Variance ‎ Created page with "{{Learning concept |Description=A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the standard..." current
14:5814:58, 29 January 2014 diff hist +213‎ N Practical Standards ‎ Created page with "{{Learning concept |Description=Standards that allow for normal machine downtime and other work interruptions and that can be attained through reasonable, though highly effici..." current
14:5514:55, 29 January 2014 diff hist +222‎ N Materials Quantity Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied ..." current
14:5414:54, 29 January 2014 diff hist +239‎ N Materials Price Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased. |Wikipedia referenc..." current
14:3714:37, 29 January 2014 diff hist +293‎ N Management By Exception ‎ Created page with "{{Learning concept |Description=A management system in which standards are set for various activities, with actual results compared to these standards. Significant deviations ..." current
14:3414:34, 29 January 2014 diff hist +169‎ N Labor rate Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual hourly labor rate and the standard rate, multiplied by the number of hours worked during the period. }}" current
14:3314:33, 29 January 2014 diff hist +303‎ N Labor Efficiency Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual hours taken to complete a task and the standard hours allowed for the actual output, multiplied by the standa..." current
14:2814:28, 29 January 2014 diff hist +86‎ N Ideal Standards ‎ Created page with "{{Learning concept |Description=Standards that assume peak efficiency at all times. }}" current
14:2314:23, 29 January 2014 diff hist +154‎ N Selling and Administrative Expense Budget ‎ Created page with "{{Learning concept |Description=A detailed schedule of planned expenses that will be incurred in areas other than manufacturing during a budget period. }}" current
14:2214:22, 29 January 2014 diff hist +114‎ N Sales Budget ‎ Created page with "{{Learning concept |Description=A detailed schedule showing expected sales expressed in both dollars and units. }}" current
14:2114:21, 29 January 2014 diff hist +295‎ N Responsibility Accounting ‎ Created page with "{{Learning concept |Description=A system of accountability in which managers are held responsible for those items of revenue and cost - and only those items - over which they ..." current
14:1914:19, 29 January 2014 diff hist +168‎ N Production Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the number of units that must be produced during a period in order to satisfy both sales and inventory needs. }}" current
14:1814:18, 29 January 2014 diff hist +149‎ N Perpetual Budget ‎ Created page with "{{Learning concept |Description=A 12-month budget that rolls forward one month as the current month is completed. Also called a continuous budget. }}" current
14:1614:16, 29 January 2014 diff hist +250‎ N Self-imposed Budget ‎ Created page with "{{Learning concept |Description=A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any is..." current
14:1614:16, 29 January 2014 diff hist +249‎ N Participative Budget ‎ Created page with "{{Learning concept |Description=A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any is..." current

16:0616:06, 28 January 2014 diff hist +170‎ N Merchandise Purchases Budget ‎ Created page with "{{Learning concept |Description=A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period. }}" current
16:0516:05, 28 January 2014 diff hist +315‎ N Master Budget ‎ Created page with "{{Learning concept |Description=A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and that culminates ..." current
16:0216:02, 28 January 2014 diff hist +178‎ N Manufacturing Overhead Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period. }}" current
15:4915:49, 28 January 2014 diff hist +150‎ N Ending Finished Goods Inventory Budget ‎ Created page with "{{Learning concept |Description=A budget showing the dollar amount of unsold finished goods inventory that will appear on the ending balance sheet. }}" current
15:4515:45, 28 January 2014 diff hist +183‎ N Direct Materials Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the amount of raw materials that must be purchased to fulfill the production budget and to provide for adequate invento..." current
15:4315:43, 28 January 2014 diff hist +127‎ N Direct Labor Budget ‎ Created page with "{{Learning concept |Description=A detailed plan that shows the direct-labor hours required to fulfill the production budget. }}" current
15:4215:42, 28 January 2014 diff hist +223‎ N Control ‎ Created page with "{{Learning concept |Description=A process of gathering feedback to insure that a plan is being properly executed or modified as circumstances change. |Wikipedia reference=http..." current
15:4015:40, 28 January 2014 diff hist +116‎ N Continuous Budget ‎ Created page with "{{Learning concept |Description=A 12-month budget that rolls forward one month as the current month is completed. }}" current
15:2915:29, 28 January 2014 diff hist +159‎ N Budget Committee ‎ Created page with "{{Learning concept |Description=A group of key managers who are responsible for overall budgeting policy and for coordinating the preparation of the budget. }}" current
15:2015:20, 28 January 2014 diff hist −33‎ ACCT215 - Management Accounting ‎No edit summary current
15:1815:18, 28 January 2014 diff hist +230‎ N Work In Process ‎ Created page with "{{Learning concept |Description=Units of product that are only partially complete and will require further work before they are ready for sale to the customer. |Wikipedia re..." current
15:1415:14, 28 January 2014 diff hist +231‎ N Underapplied Overhead ‎ Created page with "{{Learning concept |Description=A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost actually incurred exceeds the amount of over..." current
15:1015:10, 28 January 2014 diff hist +129‎ N Time Ticket ‎ Created page with "{{Learning concept |Description=A document that is used to record the amount of time an employee spends on various activities. }}" current
15:0615:06, 28 January 2014 diff hist +321‎ N Schedule of Cost of Goods Sold ‎ Created page with "{{Learning concept |Description=A schedule that contains three elements of product costs - direct materials, direct labor, and manufacturing overhead - and that summarizes the..." current
14:4314:43, 28 January 2014 diff hist +319‎ N Schedule of Cost of Goods Manufactured ‎ Created page with "{{Learning concept |Description=A schedule that contains three elements of product costs - direct materials, direct labor, and manufacturing overhead - and that summarizes the..." current
14:2814:28, 28 January 2014 diff hist +144‎ N Raw Materials ‎ Created page with "{{Learning concept |Description=Any materials that go into the final product. |Wikipedia reference=http://en.wikipedia.org/wiki/Raw_Materials }}" current
14:2714:27, 28 January 2014 diff hist +377‎ N Predetermined Overhead Rate ‎ Created page with "{{Learning concept |Description=A rate used to charge manufacturing overhead cost to jobs that is established in advance for each period. It is computed by dividing the estima..." current
14:2614:26, 28 January 2014 diff hist +104‎ N Plantwide Overhead Rate ‎ Created page with "{{Learning concept |Description=A single predetermined overhead rate that is used throughout a plant. }}" current
14:2514:25, 28 January 2014 diff hist +141‎ N Overhead Application ‎ Created page with "{{Learning concept |Description=The process of charging manufacturing overhead cost to job cost sheets and to the Work in Process account. }}" current
14:2314:23, 28 January 2014 diff hist +232‎ N Overapplied Overhead ‎ Created page with "{{Learning concept |Description=A credit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost applied to Work in Process exceeds the amou..." current
14:2114:21, 28 January 2014 diff hist +206‎ N Normal Cost System ‎ Created page with "{{Learning concept |Description=A costing system in which overhead costs are applied to a job by multiplying a predetermined overhead rate by the actual amount of the allocati..." current
14:0714:07, 28 January 2014 diff hist +298‎ N Multiple Predetermined Overhead Rates ‎ Created page with "{{Learning concept |Description=A costing system with multiple overhead cost pools and a different predetermined overhead rate for each cost pool, rather than a single predete..." current
14:0514:05, 28 January 2014 diff hist +208‎ N Materials Requisition Form ‎ Created page with "{{Learning concept |Description=A document that specifies the type and quantity of materials to be drawn from the storeroom and that identifies the job that will be charged fo..." current
14:0214:02, 28 January 2014 diff hist +207‎ N Job-order Costing ‎ Created page with "{{Learning concept |Description=A costing system used in situations where many different products, jobs, or services are produced each period. |Wikipedia reference=http://en.w..." current
13:5713:57, 28 January 2014 diff hist +127‎ N Job Cost Sheet ‎ Created page with "{{Learning concept |Description=A form that records the materials, labor, and manufacturing overhead costs charged to a job. }}" current
13:5613:56, 28 January 2014 diff hist +172‎ N Finished Goods ‎ Created page with "{{Learning concept |Description=Units of product that have been completed but not yet sold to customers. |Wikipedia reference=http://en.wikipedia.org/wiki/Finished_goods }}" current
13:5613:56, 28 January 2014 diff hist +122‎ N Cost of Goods Manufactured ‎ Created page with "{{Learning concept |Description=The manufacturing costs associated with the goods that were finished during the period. }}" current
13:5413:54, 28 January 2014 diff hist +204‎ N Cost Driver ‎ Created page with "{{Learning concept |Description=A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs. |Wikipedia reference=http://en.wiki..." current
13:5313:53, 28 January 2014 diff hist +146‎ N Allocation Base ‎ Created page with "{{Learning concept |Description=A measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects. }}" current
13:5213:52, 28 January 2014 diff hist +271‎ N Absorption Costing ‎ Created page with "{{Learning concept |Description=A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - i..." current
13:4013:40, 28 January 2014 diff hist +278‎ N Vertical Integration ‎ Created page with "{{Learning concept |Description=The involvement by a company in more than one of the activities in the entire value chain from development through production, distribution, sa..." current
13:3813:38, 28 January 2014 diff hist +222‎ N Split-off Point ‎ Created page with "{{Learning concept |Description=That point in the manufacturing process where some or all of the joint products can be recognized as individual products. |Wikipedia reference=..." current
13:3713:37, 28 January 2014 diff hist +121‎ N Special Order ‎ Created page with "{{Learning concept |Description=A one-time order that does not consider part of the company's normal ongoing business. }}" current
13:3613:36, 28 January 2014 diff hist +147‎ N Sell or Process Further Decision ‎ Created page with "{{Learning concept |Description=A decision as to whether a joint product should be sold at the split-off point or sold after further processing. }}" current
13:3313:33, 28 January 2014 diff hist +224‎ N Relevant Cost ‎ Created page with "{{Learning concept |Description=A cost that differs between alternatives in a decision. Synonyms are avoidable cost, differential cost, and incremental cost. |Wikipedia refere..." current
13:3213:32, 28 January 2014 diff hist +152‎ N Relevant Benefit ‎ Created page with "{{Learning concept |Description=A benefit that differs between alternatives in a decision. Synonyms are differential benefit and incremental benefit. }}" current
13:3013:30, 28 January 2014 diff hist +72‎ Relaxing (or elevating) the Constraint ‎No edit summary current
13:2913:29, 28 January 2014 diff hist +98‎ N Relaxing (or elevating) the Constraint ‎ Created page with "{{Learning concept |Description=An action that increases the amount of the constraint resource. }}"
13:2813:28, 28 January 2014 diff hist +108‎ Make-or-Buy Decision ‎No edit summary current
13:2713:27, 28 January 2014 diff hist +159‎ N Joint Products ‎ Created page with "{{Learning concept |Description=Two or more products that are produced from a common input. |Wikipedia reference=http://en.wikipedia.org/wiki/Joint_products }}" current
13:2513:25, 28 January 2014 diff hist +188‎ N Joint Costs ‎ Created page with "{{Learning concept |Description=Costs that are incurred up to the split-off point in a process that produces joint products. |Wikipedia reference=http://en.wikipedia.org/wiki/..." current
13:2313:23, 28 January 2014 diff hist +170‎ Constraints ‎No edit summary current
13:2113:21, 28 January 2014 diff hist +46‎ Bottleneck ‎No edit summary current
13:2113:21, 28 January 2014 diff hist +228‎ N Avoidable Cost ‎ Created page with "{{Learning concept |Description=A cost that can be eliminated by choosing one alternative over another in a decision. This term is synonymous with relevant cost. |Wikipedia re..." current

19:2219:22, 27 January 2014 diff hist +229‎ N Weighted-average Method ‎ Created page with "{{Learning concept |Description=A process costing method that blends together units and costs from both the current and prior periods. |Wikipedia reference=http://en.wikipedia..." current
19:2119:21, 27 January 2014 diff hist +166‎ N Processing Department ‎ Created page with "{{Learning concept |Description=An organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product. }}" current
19:2019:20, 27 January 2014 diff hist +196‎ N Process Costing ‎ Created page with "{{Learning concept |Description=A costing method used when essentially homogeneous products are produced on a continuous basis. |Wikipedia reference=http://en.wikipedia.org/wi..." current
19:1919:19, 27 January 2014 diff hist +147‎ N Operation Costing ‎ Created page with "{{Learning concept |Description=A hybrid costing system used when products have some common characteristics and some individual characteristics. }}" current
19:1719:17, 27 January 2014 diff hist +200‎ N Equivalent Units of Production (Weighted-Average Method) ‎ Created page with "{{Learning concept |Description=The units transferred to the next department (or to finished goods) during the period plus the equivalent units in the department's ending work..." current
19:1519:15, 27 January 2014 diff hist +304‎ N Equivalent Units ‎ Created page with "{{Learning concept |Description=The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units a..." current
18:3018:30, 27 January 2014 diff hist +314‎ N Spending Variance ‎ Created page with "{{Learning concept |Description=The difference between how much a cost should have been, given the actual level of activity, and the actual amount of the cost. A favorable (un..." current
18:2818:28, 27 January 2014 diff hist +325‎ N Revenue Variance ‎ Created page with "{{Learning concept |Description=The difference between how much the revenue should have been, given the actual level of activity, and the actual revenue for the period. A favo..." current
18:2618:26, 27 January 2014 diff hist +146‎ N Planning Budget ‎ Created page with "{{Learning concept |Description=A budget created at the beginning of the budgeting period that is valid only for the planned level of activity. }}" current
18:2618:26, 27 January 2014 diff hist +157‎ N Flexible Budget ‎ Created page with "{{Learning concept |Description=A report showing estimates of what revenues and costs should have been, given the actual level of activity for the period. }}" current
18:2118:21, 27 January 2014 diff hist +328‎ N Activity Variance ‎ Created page with "{{Learning concept |Description=The difference between a revenue or cost item in the static planning budget and the same item in the flexible budget. An activity variance is d..." current
18:0418:04, 27 January 2014 diff hist +94‎ N Unit-level Activities ‎ Created page with "{{Learning concept |Description=Activities that are performed each time a unit is produced. }}" current
18:0318:03, 27 January 2014 diff hist +92‎ N Transaction Driver ‎ Created page with "{{Learning concept |Description=A simple count of the number of times an activity occurs. }}" current
18:0118:01, 27 January 2014 diff hist +147‎ N Second-stage Allocation ‎ Created page with "{{Learning concept |Description=The process by which activity rates are used to apply costs to products and customers in activity-based costing. }}" current
17:5917:59, 27 January 2014 diff hist +21‎ Organization-sustaining Activities ‎No edit summary current
17:2317:23, 27 January 2014 diff hist +170‎ N Product-level Activities ‎ Created page with "{{Learning concept |Description=Activities that relate to specific products that must be carried out regardless of how many units are produced and sold or batches run. }}" current
17:2117:21, 27 January 2014 diff hist +170‎ N Organization-sustaining Activities ‎ Created page with "{{Learning concept |Description=Activities that relate to specific products that must be carried out regardless of how many units are produced and sold or batches run. }}"
17:1917:19, 27 January 2014 diff hist +143‎ N First-stage Allocation ‎ Created page with "{{Learning concept |Description=The process by which overhead costs are assigned to activity cost pools in an activity-based costing system. }}" current
17:1817:18, 27 January 2014 diff hist +99‎ N Duration Driver ‎ Created page with "{{Learning concept |Description=A measure of the amount of time required to perform an activity. }}" current
17:1717:17, 27 January 2014 diff hist +138‎ N Customer-level Activities ‎ Created page with "{{Learning concept |Description=Activities that are carried out to support customers, but that are not related to any specific product. }}" current
17:1517:15, 27 January 2014 diff hist +281‎ N Batch-level Activities ‎ Created page with "{{Learning concept |Description=Activities that are performed each time a batch of goods is handled or processed, regardless of how many units are in the batch. The amount of ..." current
17:1317:13, 27 January 2014 diff hist +183‎ N Activity Measure ‎ Created page with "{{Learning concept |Description=An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost ..." current
17:1217:12, 27 January 2014 diff hist +154‎ N Activity Cost Pool ‎ Created page with "{{Learning concept |Description=A "bucket" in which costs are accumulated that relate to a single activity measure in an activity-based costing system. }}" current
17:0917:09, 27 January 2014 diff hist +231‎ N Activity-based Management (ABM) ‎ Created page with "{{Learning concept |Description=A management approach that focuses on managing activities as a way of eliminating waste and reducing delays and defects. |Wikipedia reference=h..." current
16:2516:25, 27 January 2014 diff hist +317‎ N Activity-based Costing (ABC) ‎ Created page with "{{Learning concept |Description=A costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentia..." current
16:2016:20, 27 January 2014 diff hist −86‎ Activity ‎No edit summary current
16:2016:20, 27 January 2014 diff hist +87‎ Activity ‎No edit summary
16:1416:14, 27 January 2014 diff hist +213‎ N Action Analysis Report ‎ Created page with "{{Learning concept |Description=A report showing what costs have been assigned to a cost object, such as a product or customer, and how difficult it would be to adjust the cos..." current
15:1215:12, 27 January 2014 diff hist +98‎ N Variable Expense Ratio ‎ Created page with "{{Learning concept |Description=A ratio computed by dividing variable expenses by dollar sales. }}" current
15:1115:11, 27 January 2014 diff hist +111‎ N Target Profit Analysis ‎ Created page with "{{Learning concept |Description=Estimating what sales volume is needed to achieve a specific target profit. }}" current
15:0615:06, 27 January 2014 diff hist +193‎ N Sales Mix ‎ Created page with "{{Learning concept |Description=The relative proportions in which a company's products are sold. Sales mix is computed by expressing the sales of each product as a percentage ..." current
15:0315:03, 27 January 2014 diff hist +200‎ N Operating Leverage ‎ Created page with "{{Learning concept |Description=A measure of how sensitive net operating income is to a given percentage change in dollar sales. |Wikipedia reference=http://en.wikipedia.org/w..." current
14:5814:58, 27 January 2014 diff hist +211‎ N Margin of Safety ‎ Created page with "{{Learning concept |Description=The excess of budgeted or actual dollar sales over the break-even dollar sales. |Wikipedia reference=http://en.wikipedia.org/wiki/Margin_of_saf..." current
14:5614:56, 27 January 2014 diff hist +142‎ N Incremental Analysis ‎ Created page with "{{Learning concept |Description=An analytical approach that focuses only on those costs and revenues that change as a result of a decision. }}" current
14:5514:55, 27 January 2014 diff hist +300‎ N Degree of Operating Leverage ‎ Created page with "{{Learning concept |Description=A measure, at a given level of sales, of how a percentage change in sales will affect profits. The degree of operating leverage is computed by ..." current
14:5114:51, 27 January 2014 diff hist +287‎ N Cost-volume-profit (CVP) Graph ‎ Created page with "{{Learning concept |Description=A graphical representation of the relationships between an organization's revenues, costs, and profits on the one hand and its sales volume on ..." current
14:4914:49, 27 January 2014 diff hist +186‎ N Contribution Margin Ratio (CM Ratio) ‎ Created page with "{{Learning concept |Description=A ratio computed by dividing contribution margin dollar sales. |Wikipedia reference=http://en.wikipedia.org/wiki/Contribution_margin_ratio#Cons..." current
14:4714:47, 27 January 2014 diff hist +145‎ N Break-even Point ‎ Created page with "{{Learning concept |Description=The level of sales at which profit is zero. |Wikipedia reference=http://en.wikipedia.org/wiki/Break_even_point }}" current
14:1514:15, 27 January 2014 diff hist +85‎ Theory of Constraints ‎No edit summary current
14:1414:14, 27 January 2014 diff hist +194‎ N Strategy ‎ Created page with "{{Learning concept |Description=A company's "game plan" for attracting customers by distinguishing itself from competitors. |Wikipedia reference=http://en.wikipedia.org/wiki/B..."
14:1314:13, 27 January 2014 diff hist +9‎ Managerial Accounting and the Business Environment ‎No edit summary
14:1214:12, 27 January 2014 diff hist +205‎ N Segment ‎ Created page with "{{Learning concept |Description=A part or activity of an organization about which managers would like cost, revenue, or profit data. |Wikipedia reference=http://en.wikipedia.o..." current
14:0914:09, 27 January 2014 diff hist +223‎ N Performance Report ‎ Created page with "{{Learning concept |Description=A report that compares budgeted data to actual data to highlight instances of excellent and unsatisfactory performance. |Wikipedia reference=ht..." current
14:0414:04, 27 January 2014 diff hist +220‎ N Managerial Accounting ‎ Created page with "{{Learning concept |Description=The phase of accounting that is concerned with providing information to managers for use within the organization. |Wikipedia reference=http://e..." current
14:0314:03, 27 January 2014 diff hist +274‎ N Lean Production ‎ Created page with "{{Learning concept |Description=A management approach that organizes resources such as people and machines around the flow of business processes and that only produces units i..." current
14:0114:01, 27 January 2014 diff hist +167‎ Financial Accounting ‎No edit summary current
13:5913:59, 27 January 2014 diff hist +253‎ N Enterprise Risk Management ‎ Created page with "{{Learning concept |Description=A process used by a company to identify its risks and develop responses to them that enable it to be reasonably assured of meeting its goals. |..." current
13:5813:58, 27 January 2014 diff hist +157‎ N Decision Making ‎ Created page with "{{Learning concept |Description=Selecting a course of action for competing alternatives. |Wikipedia reference=http://en.wikipedia.org/wiki/Decision_Making }}" current
13:5713:57, 27 January 2014 diff hist +210‎ N Corporate Social Responsibility (CSR) ‎ Created page with "{{Learning concept |Description=A concept whereby organizations consider the needs of all stakeholders when making decisions. |Wikipedia reference=http://en.wikipedia.org/wiki..." current
13:5613:56, 27 January 2014 diff hist +6‎ Managerial Accounting and the Business Environment ‎No edit summary
13:5613:56, 27 January 2014 diff hist +126‎ Controlling ‎No edit summary current
13:5413:54, 27 January 2014 diff hist +105‎ Constraints ‎No edit summary
13:5313:53, 27 January 2014 diff hist +178‎ N Budget ‎ Created page with "{{Learning concept |Description=A detailed plan for the future that is usually expressed in formal quantitative terms. |Wikipedia reference=http://en.wikipedia.org/wiki/Budget }}" current

22:0622:06, 26 January 2014 diff hist +21‎ System Design: Process costing ‎No edit summary current
22:0122:01, 26 January 2014 diff hist +218‎ N System Design: Process costing ‎ Created page with "{{Topic |Learning Concepts=Conversion Cost, Equivalent Units, Equivalent Units of Production (Weighted-Average Method), FIFO Method, Operation Costing, Process Costing, Proces..."
21:5921:59, 26 January 2014 diff hist +507‎ N System Design: Job order costing ‎ Created page with "{{Topic |Learning Concepts=Absorption Costing, Allocation Base, Bill of Materials (BOM), Cost Driver, Cost of Goods Manufactured, Finished Goods, Job Cost Sheet, Job-order Cos..."
02:5902:59, 26 January 2014 diff hist +292‎ N Relevant Costs for Decision Making ‎ Created page with "{{Topic |Learning Concepts=Avoidable Cost, Bottleneck, Constraints, Joint Costs, Joint Products, Make-or-Buy Decision, Relaxing (or elevating) the Constraint, Relevant Benefit..." current
02:5402:54, 26 January 2014 diff hist +118‎ N Flexible Budgets and Overhead Analysis ‎ Created page with "{{Topic |Learning Concepts=Activity Variance, Flexible Budget, Planning Budget, Revenue Variance, Spending Variance }}" current
02:5302:53, 26 January 2014 diff hist +498‎ N Standard Costs and the Balanced Scorecard ‎ Created page with "{{Topic |Learning Concepts=Ideal Standards, Labor Efficiency Variance, Labor rate Variance, Management By Exception, Materials Price Variance, Materials Quantity Variance, Pra..." current
02:3202:32, 26 January 2014 diff hist +431‎ N Profit Planning ‎ Created page with "{{Topic |Learning Concepts=Budget, Budget Committee, Cash Budget, Continuous Budget, Control, Direct Labor Budget, Direct Materials Budget, Ending Finished Goods Inventory Bud..." current
02:0602:06, 26 January 2014 diff hist +399‎ N Activity-Based Costing: A Tool to Aid Decision Making ‎ Created page with "{{Topic |Learning Concepts=Action Analysis Report, Activity, Activity-based Costing (ABC), Activity-based Management (ABM), Activity Cost Pool, Activity Measure, Batch-level A..." current
01:4801:48, 26 January 2014 diff hist +265‎ N Cost-Volume Profit Relationships ‎ Created page with "{{Topic |Learning Concepts=Break-even Point, Contribution Margin Ratio (CM Ratio), Cost-volume-profit (CVP) Graph, Degree of Operating Leverage, Incremental Analysis, Margin o..." current
01:3501:35, 26 January 2014 diff hist +296‎ N Managerial Accounting and the Business Environment ‎ Created page with "{{Topic |Learning Concepts=Budget, Business Process, Constraints, Controlling, Corporate Social Responsibility, Decision Making, Enterprise Risk Management, Financial Accounti..."

01:5901:59, 24 January 2014 diff hist +245‎ N Contingency Table Analysis ‎ Created page with "{{Learning concept |Description=A contingency table is used to test whether two traits or characteristics are related. Each observation is classified according to two traits. ..." current
01:5701:57, 24 January 2014 diff hist +316‎ N Goodness-of-Fit Test ‎ Created page with "{{Learning concept |Description=This test will show whether an observed set of frequencies could have come from a hypothesized population distribution. It can also be used to ..." current
01:5401:54, 24 January 2014 diff hist +307‎ N Chi-square Distribution ‎ Created page with "{{Learning concept |Description=The characteristics of Chi-square distribution are: The value of the Chi-square is never negative. The Chi-square distribution is positively..." current
01:5101:51, 24 January 2014 diff hist +64‎ Least Sqaures Procedure ‎No edit summary current
01:4901:49, 24 January 2014 diff hist +1‎ Regression Analysis ‎No edit summary current
01:4901:49, 24 January 2014 diff hist +56‎ T Test ‎No edit summary current
01:4801:48, 24 January 2014 diff hist +240‎ N Prediction Interval ‎ Created page with "{{Learning concept |Description=It is an interval estimate that is used when the regression equation is used to predict an individual Y (n = 1) for a given value of X. |Wikipe..." current
01:4401:44, 24 January 2014 diff hist +85‎ Correlation Coefficient ‎No edit summary current
01:4401:44, 24 January 2014 diff hist +77‎ Correlation Analysis ‎No edit summary current
01:4301:43, 24 January 2014 diff hist +118‎ N Correlation Coefficient ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Pearson_product-moment_correlation_coefficient }}"
01:4301:43, 24 January 2014 diff hist +107‎ N Correlation Analysis ‎ Created page with "{{Learning concept |Description=A group or techniques to measure the relationship between two variables. }}"
01:3701:37, 24 January 2014 diff hist +118‎ N Random Variation ‎ Created page with "{{Learning concept |Description=The sum of the squared differences between each observation and its treatment mean. }}" current
01:3601:36, 24 January 2014 diff hist +128‎ N Treatment Variation ‎ Created page with "{{Learning concept |Description=The sum of the squared differences between each treatment mean and the grand or overall mean. }}" current
01:3601:36, 24 January 2014 diff hist +222‎ N Total Variation ‎ Created page with "{{Learning concept |Description=The sum of the squared differences between each observation and the overall mean. |Wikipedia reference=http://en.wikipedia.org/wiki/Total_varia..." current
01:3201:32, 24 January 2014 diff hist +289‎ One Way Analysis of Variance ‎No edit summary current
01:3001:30, 24 January 2014 diff hist +342‎ F Distribution ‎No edit summary current
01:2601:26, 24 January 2014 diff hist +112‎ Finite Population Correction ‎No edit summary current
01:2501:25, 24 January 2014 diff hist +62‎ Sample Size ‎No edit summary current
00:3600:36, 24 January 2014 diff hist +157‎ N Proportion ‎ Created page with "{{Learning concept |Description=The fraction, ratio, or percent indicating the part of the sample or the population having a particular trait or interest. }}" current
00:2800:28, 24 January 2014 diff hist +207‎ Confidence Interval ‎No edit summary current
00:2600:26, 24 January 2014 diff hist +192‎ N Point Estimate ‎ Created page with "{{Learning concept |Description=The statistic, computed from the sample information that estimates the population parameter. |Wikipedia reference=http://en.wikipedia.org/wiki/..." current
00:2300:23, 24 January 2014 diff hist +65‎ Z Value ‎No edit summary current
00:1700:17, 24 January 2014 diff hist +459‎ N Sampling Distribution of the Sample Mean ‎ Created page with "{{Learning concept |Description=The sampling distribution of the sample mean is a probability distribution of all possible sample means of the same sample size. For a given s..." current
00:1400:14, 24 January 2014 diff hist +193‎ N Sampling Error ‎ Created page with "{{Learning concept |Description=The sampling error is the difference between a population parameter and the sample statistic. |Wikipedia reference=http://en.wikipedia.org/wiki..." current
00:1300:13, 24 January 2014 diff hist +213‎ N Cluster Sample ‎ Created page with "{{Learning concept |Description=In cluster sampling, the population is divided into primary units, then samples are drawn from the primary units. |Wikipedia reference=http://e..."
00:1100:11, 24 January 2014 diff hist +250‎ N Stratified Random Sample ‎ Created page with "{{Learning concept |Description=In a stratified sample, the population is divided into several groups called strata, and then a random sample is selected from each stratum. |W..." current
00:0900:09, 24 January 2014 diff hist +228‎ N Systematic Random Sample ‎ Created page with "{{Learning concept |Description=In a systematic sample, a random starting point is selected, and then every kth item thereafter is selected for the sample. |Wikipedia referenc..." current
00:0800:08, 24 January 2014 diff hist +217‎ N Simple Random Sample ‎ Created page with "{{Learning concept |Description=In a simple random sample, all members of the population have the same chance of being selected for the sample. |Wikipedia reference=http://en...." current
00:0200:02, 24 January 2014 diff hist −42‎ Random Variables and Probability Distributions (Discrete and Continuous) ‎No edit summary

23:5223:52, 23 January 2014 diff hist +356‎ Exponential Probability Distribution ‎No edit summary current
23:5023:50, 23 January 2014 diff hist +287‎ Normal Probability Distribution ‎No edit summary current
23:4923:49, 23 January 2014 diff hist +316‎ N Uniform Probability Distribution ‎ Created page with "{{Learning concept |Description=A continuous probability distribution that is rectangular in shape. It is completely described by using the minimum and maximum values of the d..." current
19:4619:46, 23 January 2014 diff hist +360‎ Poisson Probability Distribution ‎No edit summary current
19:2619:26, 23 January 2014 diff hist +345‎ Hypergeometric Probability Distribution ‎No edit summary current
19:2319:23, 23 January 2014 diff hist +338‎ Binomial Probability Distribution ‎No edit summary current
19:2019:20, 23 January 2014 diff hist +106‎ Continuous Random Variable ‎No edit summary current
19:1819:18, 23 January 2014 diff hist +86‎ Discrete Random Variable ‎No edit summary current
15:1615:16, 23 January 2014 diff hist +108‎ N Exponential Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Exponential_probability_distribution }}"
15:1515:15, 23 January 2014 diff hist +120‎ N Standard Normal Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Normal_distribution#Standard_normal_distribution }}" current
15:1515:15, 23 January 2014 diff hist +103‎ N Normal Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Normal_probability_distribution }}"
15:1315:13, 23 January 2014 diff hist +104‎ N Poisson Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Poisson_Probability_Distribution }}"
15:1215:12, 23 January 2014 diff hist +99‎ N Hypergeometric Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Hypergeometric_distribution }}"
15:1115:11, 23 January 2014 diff hist +105‎ N Binomial Probability Distribution ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Binomial_Probability_Distribution }}"
15:1115:11, 23 January 2014 diff hist +134‎ N Continuous Random Variable ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Continuous_Random_Variable#Continuous_probability_distribution }}"
15:1015:10, 23 January 2014 diff hist +130‎ N Discrete Random Variable ‎ Created page with "{{Learning concept |Wikipedia reference=http://en.wikipedia.org/wiki/Discrete_random_variable#Discrete_probability_distribution }}"

17:3317:33, 22 January 2014 diff hist +314‎ N Tree Diagram ‎ Created page with "{{Learning concept |Description=A graph that is helpful in organizing calculations that involve several stages. Each segment in the tree is one stage of the problem. The branc..." current
17:3017:30, 22 January 2014 diff hist +202‎ N Contingency Table ‎ Created page with "{{Learning concept |Description=A table used to classify sample observations according to two or more identifiable characteristics. |Wikipedia reference=http://en.wikipedia.or..." current
17:2917:29, 22 January 2014 diff hist +181‎ N Rule of Multiplication ‎ Created page with "{{Learning concept |Description=The rules of multiplication refer to the product of events. |Wikipedia reference=http://en.wikipedia.org/wiki/Probability#Summary_of_probabilit..." current
17:2717:27, 22 January 2014 diff hist +215‎ N Independence ‎ Created page with "{{Learning concept |Description=The occurrence of one event has no effect on the probability of the occurrence of another event. |Wikipedia reference=http://en.wikipedia.org/w..." current
17:2517:25, 22 January 2014 diff hist +190‎ N Joint Probability ‎ Created page with "{{Learning concept |Description=A probability that measures the likelihood two or more events will happen concurrently. |Wikipedia reference=http://en.wikipedia.org/wiki/Joint..." current
17:2417:24, 22 January 2014 diff hist +256‎ N Complement Rule ‎ Created page with "{{Learning concept |Description=This rule is used to determine the probability of an event happening by subtracting the probability of the event not happening from 1. |Wikiped..." current
17:2217:22, 22 January 2014 diff hist +6‎ Rule of Addition ‎No edit summary current
17:2117:21, 22 January 2014 diff hist +188‎ N Rule of Addition ‎ Created page with "{{Learning concept |Description=The special rule of addition is used when events are mutually exclusive. |Wikipedia reference=http://en.wikipedia.org/wiki/Probability#Mutually..."
17:1817:18, 22 January 2014 diff hist +246‎ N Subjective Probability ‎ Created page with "{{Learning concept |Description=The likelihood (probability) of a particular event happening that is assigned by an individual based on whatever information is available. |Wik..." current
17:1717:17, 22 January 2014 diff hist +210‎ N Law of Large Numbers ‎ Created page with "{{Learning concept |Description=Over a large number of trials, the empirical probability of an event will approach its true probability. |Wikipedia reference=http://en.wikiped..." current
17:1517:15, 22 January 2014 diff hist +209‎ N Empirical Probability ‎ Created page with "{{Learning concept |Description=The probability of an event happening is the fraction of the time similar events happened in the past. |Wikipedia reference=http://en.wikipedia..." current
17:1417:14, 22 January 2014 diff hist +223‎ N Collectively Exhaustive ‎ Created page with "{{Learning concept |Description=Two events are collectively exhaustive when at least one of the events must occur when an experiment is conducted. |Wikipedia reference=http://..." current
17:1217:12, 22 January 2014 diff hist +198‎ N Mutually Exclusive ‎ Created page with "{{Learning concept |Description=Two events are mutually exclusive if by virtue of one event happening the other cannot happen. |Wikipedia reference=http://en.wikipedia.org/wik..." current
17:1117:11, 22 January 2014 diff hist +180‎ N Event ‎ Created page with "{{Learning concept |Description=An event is the collection of one or more outcomes of an experiment. |Wikipedia reference=http://en.wikipedia.org/wiki/Event_(probability_theor..." current
17:1017:10, 22 January 2014 diff hist +158‎ N Outcome ‎ Created page with "{{Learning concept |Description=An outcome is a particular result of an experiment. |Wikipedia reference=http://en.wikipedia.org/wiki/Outcome_(probability) }}" current
17:0817:08, 22 January 2014 diff hist +210‎ N Probability (Concept) ‎ Created page with "{{Learning concept |Description=A probability is a value between 0 and 1 inclusive that represents the likelihood a particular event will happen. |Wikipedia reference=http://e..."

16:0716:07, 21 January 2014 diff hist +350‎ N Box Plot ‎ Created page with "{{Learning concept |Description=A box plot is a graphic display of a set of data. A box is drawn enclosing the regions between the first quartile and the third quartile. A box..." current
16:0416:04, 21 January 2014 diff hist +158‎ N Percentiles ‎ Created page with "{{Learning concept |Description=Percentiles divide a set of observations into 100 equal parts. |Wikipedia reference=http://en.wikipedia.org/wiki/Percentile }}" current
16:0416:04, 21 January 2014 diff hist +151‎ N Deciles ‎ Created page with "{{Learning concept |Description=Deciles divide a set of observations into ten equal parts. |Wikipedia reference=http://en.wikipedia.org/wiki/Deciles }}" current
16:0316:03, 21 January 2014 diff hist +94‎ Quartiles ‎No edit summary current
16:0216:02, 21 January 2014 diff hist +316‎ N Quartiles ‎ Created page with "{{Learning concept |Description=Quartiles divide a set of observations into four equal parts. 25 percent of the observations are less than the first quartile, 50 percent are l..."
15:5315:53, 21 January 2014 diff hist +2‎ Stem-And-Leaf Display ‎No edit summary current
15:5215:52, 21 January 2014 diff hist +396‎ N Stem-And-Leaf Display ‎ Created page with "{{Learning concept |Description=It is an alternative to the histogram. The leading digit is the stem and the trailing digit is the leaf. The advantage over the histogram are:..."
15:4915:49, 21 January 2014 diff hist +232‎ N Mean Deviation ‎ Created page with "{{Learning concept |Description=The mean absolute deviation is the sum of the absolute values of the deviations from the mean divided by the number of observations. |Wikipedia..."
15:4115:41, 21 January 2014 diff hist +231‎ N Weighted Mean ‎ Created page with "{{Learning concept |Description=The weighted mean is found by multiplying each observation by its corresponding weight. It is a special case of the arithmetic mean. |Wikipedia..."
15:3915:39, 21 January 2014 diff hist +285‎ N Sample Mean ‎ Created page with "{{Learning concept |Description=The arithmetic mean of a sample is the most widely reported measure of location. It is calculated by adding the values of the observations and ..." current
15:3815:38, 21 January 2014 diff hist +321‎ N Population Mean ‎ Created page with "{{Learning concept |Description=The arithmetic mean of a population is the most widely reported measure of location. It is calculated by adding the values of the observations ..." current
15:3415:34, 21 January 2014 diff hist +134‎ N Cumulative Frequency Distribution ‎ Created page with "{{Learning concept |Description=A cumulative frequency distribution shows the number or percent of observations below given values. }}" current
15:3115:31, 21 January 2014 diff hist +176‎ N Frequency Polygon ‎ Created page with "{{Learning concept |Description=A frequency polygon consists of line segments connecting the points formed by the intersection of the class midpoint and the class frequency. }}" current
15:3015:30, 21 January 2014 diff hist +183‎ N Histogram ‎ Created page with "{{Learning concept |Description=A histogram portrays the number of frequencies in each class in the form of a rectangle. |Wikipedia reference=http://en.wikipedia.org/wiki/Hist..."
15:2915:29, 21 January 2014 diff hist +199‎ N Relative Frequency Distribution ‎ Created page with "{{Learning concept |Description=A relative frequency distribution shows the percent of observations in each class. |Wikipedia reference=http://en.wikipedia.org/wiki/Relative_F..." current
15:2715:27, 21 January 2014 diff hist +118‎ N Class Interval ‎ Created page with "{{Learning concept |Description=The class interval is the difference between the limits of two consecutive classes. }}" current
15:2715:27, 21 January 2014 diff hist +107‎ N Class Midpoint ‎ Created page with "{{Learning concept |Description=The class midpoint is halfway between the limits of consecutive classes. }}"
15:2615:26, 21 January 2014 diff hist +108‎ Frequency Distributution ‎No edit summary current
15:2515:25, 21 January 2014 diff hist +194‎ N Pie Chart ‎ Created page with "{{Learning concept |Description=A pie chart shows the proportion each distinct class represents of the total number of frequencies. |Wikipedia reference=http://en.wikipedia.or..."
15:2315:23, 21 January 2014 diff hist +143‎ N Bar Chart ‎ Created page with "{{Learning concept |Description=A graphical representation of a frequency table. |Wikipedia reference=http://en.wikipedia.org/wiki/Bar_Chart }}"
15:2215:22, 21 January 2014 diff hist +168‎ N Frequency Table ‎ Created page with "{{Learning concept |Description=A frequency table is a grouping of qualitative data into mutually exclusive classes showing the number of observations in each class. }}" current
15:0015:00, 21 January 2014 diff hist +212‎ N Interval-Level Data ‎ Created page with "{{Learning concept |Description=The interval level of measurement has the ranking characteristic of the ordinal level of measurement plus the characteristic that the distance ..." current
14:5814:58, 21 January 2014 diff hist +131‎ N Ordinal-Level Data ‎ Created page with "{{Learning concept |Description=The ordinal level of measurement presumes that one classification is ranked higher than another. }}" current
14:5714:57, 21 January 2014 diff hist +138‎ N Nominal-Level Data ‎ Created page with "{{Learning concept |Description=With the nominal level, the data are sorted into categories with no particular order to the categories. }}" current
14:5614:56, 21 January 2014 diff hist +52‎ Continuous Variable ‎No edit summary current
14:5514:55, 21 January 2014 diff hist +133‎ N Discrete Variable ‎ Created page with "{{Learning concept |Description=A discrete variable can assume only certain values, and there are usually gaps between the values. }}" current
14:5114:51, 21 January 2014 diff hist +142‎ N Quantitative Variable ‎ Created page with "{{Learning concept |Description=A quantitative variable is numeric. There are two kinds of quantitative variables: Discrete and continuous. }}" current
14:4814:48, 21 January 2014 diff hist +227‎ N Qualitative Variable ‎ Created page with "{{Learning concept |Description=A qualitative variable is nonnumeric. Usually we are interested in the number or percent of the observations in each category. Qualitative data..." current
14:3414:34, 21 January 2014 diff hist +230‎ Population ‎No edit summary current
14:3314:33, 21 January 2014 diff hist +241‎ N Inferential Statistics ‎ Created page with "{{Learning concept |Description=Inferential statistics involve taking a sample from a population and making estimates about a population based on the sample results. |Wikipedi..." current
14:3114:31, 21 January 2014 diff hist +150‎ N Descriptive Statistics ‎ Created page with "{{Learning concept |Description=Procedures used to use and summarize data. |Wikipedia reference=http://en.wikipedia.org/wiki/Descriptive_Statistics }}"
14:3014:30, 21 January 2014 diff hist +239‎ N Statistics ‎ Created page with "{{Learning concept |Description=Statistics is the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions...." current
14:2914:29, 21 January 2014 diff hist +183‎ N Ratio-Level Data ‎ Created page with "{{Learning concept |Description=The ratio level of measurement has all the characteristics of the interval level, plus there is a 0 point and the ratio of two values is meanin..." current
14:0414:04, 21 January 2014 diff hist +103‎ N Nonparametric Methods: Chi-Square Applications ‎ Created page with "{{Topic |Learning Concepts=Chi-square Distribution, Goodness-of-Fit Test, Contingency Table Analysis }}" current
13:4913:49, 21 January 2014 diff hist +19‎ BUSS200 - Business Data Analysis ‎No edit summary current
13:4713:47, 21 January 2014 diff hist +10‎ Probability ‎No edit summary
13:4613:46, 21 January 2014 diff hist +308‎ N Probability ‎ Created page with "{{Topic |Learning Concepts=Probability, Experiment, Outcome, Event, Mutually Exclusive, Collectively Exhaustive, Empirical Probability, Law of Large Numbers, Subjective Probab..."
13:3013:30, 21 January 2014 diff hist +433‎ N Descriptive Statistics (Measures of Central Tendency and Dispersion) ‎ Created page with "{{Topic |Learning Concepts=Frequency Table, Bar Chart, Pie Chart, Frequency Distributution, Class Midpoint, Class Interval, Relative Frequency Distribution, Histogram, Frequen..." current
13:1913:19, 21 January 2014 diff hist +272‎ N Introduction to Statistics Data Gathering and Analysis ‎ Created page with "{{Topic |Learning Concepts=Statistics, Descriptive Statistics, Inferential Statistics, Population, Sample, Qualitative Variable, Quantitative Variable, Discrete Variable, Cont..." current
13:1313:13, 21 January 2014 diff hist +233‎ N Regression and Correlation Analysis ‎ Created page with "{{Topic |Learning Concepts=Correlation Analysis, Correlation Coefficient, T Test, Regression Analysis, Least Sqaures Procedure, Standard Error of the Estimate, Coefficient of ..."

21:0421:04, 20 January 2014 diff hist +121‎ Analysis of Variance ‎No edit summary current
14:3514:35, 20 January 2014 diff hist +136‎ N Statistical Inference (Estimation and Hypothesis Testing) ‎ Created page with "{{Topic |Learning Concepts=Point Estimate, Confidence Interval, Proportion, Sample Size, Finite Population Correction, T Distribution }}"
14:1414:14, 20 January 2014 diff hist +208‎ N Sampling Distributions and The Central Limit Theorem ‎ Created page with "{{Topic |Learning Concepts=Simple Random Sample, Systematic Random Sample, Stratified Random Sample, Cluster Sample, Sampling Error, Sampling Distribution of the Sample Mean, ..." current
14:0214:02, 20 January 2014 diff hist +356‎ N Random Variables and Probability Distributions (Discrete and Continuous) ‎ Created page with "{{Topic |Learning Concepts=Random Variable, Discrete Random Variable, Continuous Random Variable, Binomial Probability Distribution, Hypergeometric Probability Distribution, P..."
13:0813:08, 20 January 2014 diff hist −115‎ Analysis of Variance ‎ Replaced content with "{{Topic}}"
00:4500:45, 20 January 2014 diff hist +381‎ N Workers' Compensation ‎ Created page with "{{Learning concept |Description=A mandated insurance program insuring workers against job-related injuries. Premiums are charged to employers as a percentage of the employees'..." current
00:4200:42, 20 January 2014 diff hist +331‎ N Special Purpose Entities ‎ Created page with "{{Learning concept |Description=SPEs are separate entities established by corporations to accomplish specific purposes. SPEs are often used to borrow money and then transfer i..." current
00:4000:40, 20 January 2014 diff hist +148‎ Sinking Fund ‎No edit summary current
00:3900:39, 20 January 2014 diff hist +150‎ N Provision ‎ Created page with "{{Learning concept |Description=A liability of uncertain timing or amount. |Wikipedia reference=http://en.wikipedia.org/wiki/Provision_(accounting) }}" current
00:3800:38, 20 January 2014 diff hist +204‎ N Principal Amount ‎ Created page with "{{Learning concept |Description=The unpaid balance of an obligation, exclusive of any interest charges for the current period. |Wikipedia reference=http://en.wikipedia.org/wik..." current
00:3600:36, 20 January 2014 diff hist +311‎ N Present Value (Of A Future Amount) ‎ Created page with "{{Learning concept |Description=The amount of money that an informed investor would pay today for the right to receive the future amount, based on a specific rate of return re..." current
00:3400:34, 20 January 2014 diff hist +354‎ N Postretirement Benefits ‎ Created page with "{{Learning concept |Description=Benefits that will be paid to retired workers. The present value of the future benefits earned by workers during the current period is an expen..." current
00:3000:30, 20 January 2014 diff hist +258‎ N Pension Fund ‎ Created page with "{{Learning concept |Description=A fund managed by an independent trustee into which an employer-company makes periodic payments. The fund is used to make pension payments to r..." current
00:2900:29, 20 January 2014 diff hist +371‎ N Payroll Taxes ‎ Created page with "{{Learning concept |Description=Taxes levied on an employer based on the amount of wages and salaries being paid to employees during the period. The include the employer's sha..." current
00:2600:26, 20 January 2014 diff hist +382‎ N Operating Lease ‎ Created page with "{{Learning concept |Description=A lease contract which is in essence a rental agreement. The lessee has the use of the leased property, but the lessor retains the usual risks ..." current
00:2400:24, 20 January 2014 diff hist +320‎ N Off-Balance Sheet Financing ‎ Created page with "{{Learning concept |Description=An arrangement in which the use of resources is financed without the obligation for future payments appearing as a liability in the balance she..." current
00:1600:16, 20 January 2014 diff hist +161‎ N Leverage ‎ Created page with "{{Learning concept |Description=The use of borrowed money to finance business operations. |Wikipedia reference=http://en.wikipedia.org/wiki/Leverage_(finance) }}" current
00:1500:15, 20 January 2014 diff hist +132‎ N Lessor ‎ Created page with "{{Learning concept |Description=The owner of property leased to a lessee. |Wikipedia reference=http://en.wikipedia.org/wiki/Lease }}" current
00:1300:13, 20 January 2014 diff hist +139‎ N Lessee ‎ Created page with "{{Learning concept |Description=The tenant, user, or renter of leased property. |Wikipedia reference=http://en.wikipedia.org/wiki/Lessee }}" current
00:1300:13, 20 January 2014 diff hist +262‎ N Junk Bonds ‎ Created page with "{{Learning concept |Description=Bonds payable that involve a greater than normal risk of default and, therefore, must pay higher than normal rates of interest in order to be a..." current
00:0900:09, 20 January 2014 diff hist +254‎ N Interest Coverage Ratio ‎ Created page with "{{Learning concept |Description=Operating profit divided by interest expense. Indicates the number of times that the company was able to earn the amount of its interest charge..." current
00:0800:08, 20 January 2014 diff hist +378‎ N Finance Lease ‎ Created page with "{{Learning concept |Description=A lease contract that finances the eventual purchase be the lessee of leased property. The lessor accounts for a finance lease as a sale of pro..." current
00:0500:05, 20 January 2014 diff hist +321‎ N Deferred Taxes ‎ Created page with "{{Learning concept |Description=A liability account to pay income taxes that have been postponed to a future year's income tax return. In some cases, this account can also be ..." current
00:0300:03, 20 January 2014 diff hist +169‎ N Debt Service ‎ Created page with "{{Learning concept |Description=The combined cash outlays required for repayment of principal amounts borrowed and for payments of interest expense during the period. }}" current
00:0100:01, 20 January 2014 diff hist +208‎ N Convertible Bond ‎ Created page with "{{Learning concept |Description=A bond that may be exchanged (at the bondholder's option) for a specified number of shares of the company. |Wikipedia reference=http://en.wikip..." current

23:5623:56, 19 January 2014 diff hist +625‎ N Contingent Liability ‎ Created page with "{{Learning concept |Description=A contingent liability is a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or no..." current
23:5223:52, 19 January 2014 diff hist +227‎ N Commitments ‎ Created page with "{{Learning concept |Description=Agreements to carry out future transactions. Although they are not a liability (because the transaction has not yet been performed), they may b..." current
23:5023:50, 19 January 2014 diff hist +270‎ N Collateral ‎ Created page with "{{Learning concept |Description=Assets that have been pledged to secure specific liabilities. Creditors with secured claims can foreclose on (seize title of) these assets if t..." current
23:4823:48, 19 January 2014 diff hist +142‎ N Bonds Payable ‎ Created page with "{{Learning concept |Description=Long-term debt securities that subdivide a very large and long-term corporate debt into transferable units. }}" current
23:4623:46, 19 January 2014 diff hist +145‎ Bankruptcy ‎No edit summary current
23:4523:45, 19 January 2014 diff hist +225‎ N Amortization Table ‎ Created page with "{{Learning concept |Description=A schedule that indicates how installment payments are allocated between interest expense and repayments of principal. |Wikipedia reference=htt..." current
17:4417:44, 19 January 2014 diff hist +270‎ N Actuary ‎ Created page with "{{Learning concept |Description=A statistician who performs computations involving assumptions as to human life spans. One function is computing companies' liabilities for pen..." current
17:4117:41, 19 January 2014 diff hist +202‎ N Accrued Liabilities ‎ Created page with "{{Learning concept |Description=the liability to pay an expense that has accrued during the period. Also called accrued expenses. |Wikipedia reference=http://en.wikipedia.org/..." current
17:3317:33, 19 January 2014 diff hist +186‎ N Underwriter ‎ Created page with "{{Learning concept |Description=An investment banking firm that handles the sale of a corporation's shares to the public. |Wikipedia reference=http://en.wikipedia.org/wiki/Und..." current
17:3317:33, 19 January 2014 diff hist +185‎ N Treasury Shares ‎ Created page with "{{Learning concept |Description=Shares of a corporation that have been issued and then reacquired, but not canceled. |Wikipedia reference=http://en.wikipedia.org/wiki/Treasury..." current
17:3217:32, 19 January 2014 diff hist +99‎ N Shareholders Subsidiary Ledger ‎ Created page with "{{Learning concept |Description=A record showing the number of shares owned by each stockholder. }}" current
17:2917:29, 19 January 2014 diff hist +255‎ N Share Transfer Agent ‎ Created page with "{{Learning concept |Description=A bank or trust company retained by a corporation to maintain its records of share capital ownership and make transfers from one investor to an..." current
17:2817:28, 19 January 2014 diff hist +499‎ N Share Split ‎ Created page with "{{Learning concept |Description=An increase in the number of shares outstanding with a corresponding decrease in par value per share. The additional shares are distributed pro..." current
17:2417:24, 19 January 2014 diff hist +174‎ N Share Registrar ‎ Created page with "{{Learning concept |Description=An independent financial agent, such as a bank, retained by a corporation to provide assurance against over-issuance of share certificates. }}" current
17:2217:22, 19 January 2014 diff hist +283‎ N Share Premium ‎ Created page with "{{Learning concept |Description=An account showing the amounts invested in a corporation by shareholders in excess of par value or stated value. In short, this account shows p..." current
17:2017:20, 19 January 2014 diff hist +241‎ N Share Certificate ‎ Created page with "{{Learning concept |Description=A document issued by a corporation (or its transfer agent) as evidence of the ownership of the number of shares stated on the certificate. |Wik..." current
17:1817:18, 19 January 2014 diff hist +76‎ Share Capital ‎No edit summary current
17:1717:17, 19 January 2014 diff hist +83‎ Retained Earnings ‎No edit summary current
17:1617:16, 19 January 2014 diff hist +232‎ N Public Information ‎ Created page with "{{Learning concept |Description=Information that, by law, must be made available to the general public. Includes the quarterly and annual financial statements - and other fina..." current
17:1217:12, 19 January 2014 diff hist +174‎ N Private Company ‎ Created page with "{{Learning concept |Description=A corporation owned by a small group of shareholders. Not publicly owned. |Wikipedia reference=http://en.wikipedia.org/wiki/Private_Company }}" current
17:1117:11, 19 January 2014 diff hist +107‎ N Publicly Owned Corporation ‎ Created page with "{{Learning concept |Description=Any corporation whose shares are offered for sale to the general public. }}" current
17:0817:08, 19 January 2014 diff hist +159‎ N Paid-in Capital ‎ Created page with "{{Learning concept |Description=The amounts invested in a corporation by its shareholders. |Wikipedia reference=http://en.wikipedia.org/wiki/Paid-in_Capital }}" current
17:0717:07, 19 January 2014 diff hist +169‎ Common Stock ‎No edit summary current
17:0617:06, 19 January 2014 diff hist +304‎ N Limited Personal Liability ‎ Created page with "{{Learning concept |Description=The concept that the owners of a corporation are not personally liable for the debts of the business. Thus shareholders' potential financial lo..." current
17:0417:04, 19 January 2014 diff hist +341‎ N Legal Capital ‎ Created page with "{{Learning concept |Description=Equal to the par value or stated value of share capital issued, This amount represents a permanent commitment of capital by the owners of a cor..." current
17:0117:01, 19 January 2014 diff hist +243‎ N Double Taxation ‎ Created page with "{{Learning concept |Description=The fact that corporate income is taxed to the corporation when earned and then again taxed to the shareholders when distributed as dividends. ..." current
17:0017:00, 19 January 2014 diff hist +357‎ Dividends ‎No edit summary current
16:5816:58, 19 January 2014 diff hist +61‎ Dividend Yield ‎No edit summary current
16:5716:57, 19 January 2014 diff hist +58‎ Corporation ‎No edit summary current
16:5616:56, 19 January 2014 diff hist +301‎ N Contributed Capital ‎ Created page with "{{Learning concept |Description=The shareholders' equity that results from capital contributions by investors in exchange for ordinary or preference shares. Also referred to a..." current
16:5116:51, 19 January 2014 diff hist +251‎ N Book Value Per Share ‎ Created page with "{{Learning concept |Description=The shareholders' equity represented by each ordinary share, computed by dividing ordinary shareholders' equity by the number of common shares ..." current
16:4916:49, 19 January 2014 diff hist +182‎ N Board of Directors ‎ Created page with "{{Learning concept |Description=Persons elected by common shareholders to direct the affairs of a corporation. |Wikipedia reference=http://en.wikipedia.org/wiki/Board_of_Direc..." current
16:4816:48, 19 January 2014 diff hist +197‎ N Place of Incorporation ‎ Created page with "{{Learning concept |Description=The country or place in which the corporation is legally formed. This may or may not be the place in which the corporation conducts most or any..." current
16:4316:43, 19 January 2014 diff hist +232‎ N Preference Shares ‎ Created page with "{{Learning concept |Description=A class of share capital usually having preference as to dividends and in the distribution of assets in the event of liquidation. |Wikipedia re..." current
16:3416:34, 19 January 2014 diff hist +268‎ N PAR Value ‎ Created page with "{{Learning concept |Description=The legal capital of a corporation. Represents the minimum amount per share invested in the corporation by its owners and cannot by withdrawn e..." current
01:3801:38, 19 January 2014 diff hist +139‎ N Shareholders ‎ Created page with "{{Learning concept |Description=Owners of share capital in a corporation. |Wikipedia reference=http://en.wikipedia.org/wiki/Shareholders }}" current
01:3701:37, 19 January 2014 diff hist +173‎ N Revenues ‎ Created page with "{{Learning concept |Description=Increases in the enterprise's assets as a result of profit-oriented activities. |Wikipedia reference=http://en.wikipedia.org/wiki/Revenues }}" current
01:3601:36, 19 January 2014 diff hist −23‎ Equity ‎No edit summary current
01:3501:35, 19 January 2014 diff hist +186‎ N Shareholders' Equity ‎ Created page with "{{Learning concept |Description=The equity of an enterprise organized as a corporation. |Wikipedia reference=http://en.wikipedia.org/wiki/Shareholders%27_Equity#Shareholders.2..." current
01:3301:33, 19 January 2014 diff hist +200‎ N Window Dressing ‎ Created page with "{{Learning concept |Description=Measures taken by management specifically intended to make a business look as strong as possible in its balance sheet, income statement, and st..." current
01:2001:20, 19 January 2014 diff hist +277‎ N Stable-dollar Assumption ‎ Created page with "{{Learning concept |Description=An assumption by accountants that the monetary unit used in the preparation of financial statements is stable over time or changes at a suffici..." current
01:1701:17, 19 January 2014 diff hist +181‎ N Positive Cash Flows ‎ Created page with "{{Learning concept |Description=A payment of cash that increases the enterprise's cash balance. |Wikipedia reference=http://en.wikipedia.org/wiki/Cash_flow#Business.27_financi..." current
01:1601:16, 19 January 2014 diff hist +179‎ N Negative Cash Flows ‎ Created page with "{{Learning concept |Description=A payment of cash that reduces the enterprise's cash balance. |Wikipedia reference=http://en.wikipedia.org/wiki/Cash_flow#Business.27_financial..." current
01:1401:14, 19 January 2014 diff hist +165‎ N Liquidity ‎ Created page with "{{Learning concept |Description=Having the financial ability to pay debts as they come due. |Wikipedia reference=http://en.wikipedia.org/wiki/Accounting_liquidity }}" current
01:1301:13, 19 January 2014 diff hist +235‎ N Liabilities (Concept) ‎ Created page with "{{Learning concept |Description=Debts or obligations of an entity that resulted from past transactions. They represent the claims of creditors on the enterprise's assets. |Wik..." current
01:1101:11, 19 January 2014 diff hist +10‎ Basic Financial Statements ‎No edit summary current
01:1101:11, 19 January 2014 diff hist +203‎ N Inflation ‎ Created page with "{{Learning concept |Description=An increase in the general price level, resulting in a decline in the purchasing power of the monetary unit. |Wikipedia reference=http://en.wik..." current
01:1001:10, 19 January 2014 diff hist +259‎ N Going-concern Assumption ‎ Created page with "{{Learning concept |Description=An assumption by accountants that a business will operate in the foreseeable future unless specific evidence suggests that this is not a reason..." current
01:0801:08, 19 January 2014 diff hist 0‎ Basic Financial Statements ‎No edit summary
00:3400:34, 19 January 2014 diff hist +298‎ N Equity ‎ Created page with "{{Learning concept |Description=The excess of assets over liabilities. The amount of the owner's investment in the business, plus profits from successful operations that have ..."
00:3100:31, 19 January 2014 diff hist +269‎ N Disclosure ‎ Created page with "{{Learning concept |Description=The accounting principle of providing with financial statements any financial and other facts that are necessary for proper interpretation of t..." current
00:2700:27, 19 January 2014 diff hist +203‎ N Deflation ‎ Created page with "{{Learning concept |Description=A decline in the general price level, resulting in an increase in the purchasing power of the monetary unit. |Wikipedia reference=http://en.wik..." current
00:2600:26, 19 January 2014 diff hist +140‎ N Creditor ‎ Created page with "{{Learning concept |Description=A person or organization to whom debt is owed. |Wikipedia reference=http://en.wikipedia.org/wiki/Creditor }}" current
00:2400:24, 19 January 2014 diff hist +195‎ N Cost Principle ‎ Created page with "{{Learning concept |Description=The widely used principle of accounting for assets at their original cost to the current owner. |Wikipedia reference=http://en.wikipedia.org/wi..." current
00:2200:22, 19 January 2014 diff hist +49‎ Corporation ‎No edit summary
00:2100:21, 19 January 2014 diff hist +148‎ N Share Capital ‎ Created page with "{{Learning concept |Description=Transferable units of ownership in a corporation. |Wikipedia reference=http://en.wikipedia.org/wiki/Share_Capital }}"
00:2000:20, 19 January 2014 diff hist +198‎ N Business Entity ‎ Created page with "{{Learning concept |Description=An economic unit that controls resources, incurs obligations, and engages in business activities. |Wikipedia reference=http://en.wikipedia.org/..." current
00:1800:18, 19 January 2014 diff hist +130‎ N Assets ‎ Created page with "{{Learning concept |Description=Economic resources owned by an entity. |Wikipedia reference=http://en.wikipedia.org/wiki/Assets }}" current
00:1600:16, 19 January 2014 diff hist +179‎ N Articulation ‎ Created page with "{{Learning concept |Description=The close relationship that exists among the financial statements that are prepared on the basis of the same underlying transaction information..." current
00:1400:14, 19 January 2014 diff hist +160‎ N Accounting Equation ‎ Created page with "{{Learning concept |Description=Assets are equal to the sum of liabilities plus equity. |Wikipedia reference=http://en.wikipedia.org/wiki/Accounting_equation }}" current
00:1100:11, 19 January 2014 diff hist +153‎ N Statement of Financial Position ‎ Created page with "{{Learning concept |Description=It is also called the balance sheet. |Wikipedia reference=http://en.wikipedia.org/wiki/Statement_of_Financial_Position }}" current
00:1000:10, 19 January 2014 diff hist +294‎ N Securities and Exchange Commission (SEC) ‎ Created page with "{{Learning concept |Description=A governmental organization that has the legal power to establish accounting principles and financial reporting requirements for publicly held ..." current
00:0900:09, 19 January 2014 diff hist +292‎ N Sarbanes-Oxley Act ‎ Created page with "{{Learning concept |Description=A landmark piece of securities law, designed to improve the effectiveness of corporate financial reporting through enhanced accountability of a..." current
00:0700:07, 19 January 2014 diff hist +234‎ N Risk Assessment ‎ Created page with "{{Learning concept |Description=A process of identifying, analyzing, and managing those risks that pose a threat to the achievement of the organization's objectives. |Wikipedi..." current
00:0500:05, 19 January 2014 diff hist +191‎ N Return of Investment ‎ Created page with "{{Learning concept |Description=The repayment to an investor of the amount originally invested in another enterprise. |Wikipedia reference=http://en.wikipedia.org/wiki/Return_..." current
00:0400:04, 19 January 2014 diff hist +308‎ N Public Company Accounting Oversight Board (PCAOB) ‎ Created page with "{{Learning concept |Description=A quasi-governmental body charged with oversight of the public accounting profession. The PCAOB sets auditing standards for audits of publicly ..." current
00:0200:02, 19 January 2014 diff hist +233‎ N Monitoring ‎ Created page with "{{Learning concept |Description=The process of evaluating the effectiveness of an organization's system of internal control over time, including both ongoing management and su..."

23:5923:59, 18 January 2014 diff hist +235‎ N Management Accounting ‎ Created page with "{{Learning concept |Description=Providing information that is intended primarily for use by internal management in decision making required to run the business. |Wikipedia ref..." current
23:5823:58, 18 January 2014 diff hist +286‎ N International Financial Reporting Standards ‎ Created page with "{{Learning concept |Description=Principles that provide the framework for determining what information is to be included in financial statements and how that information is to..." current
23:5723:57, 18 January 2014 diff hist +245‎ N International Federation of Accountants (IFAC) ‎ Created page with "{{Learning concept |Description=A global organization for the accounting profession, with 159 members and associates in 124 countries and jurisdictions. |Wikipedia reference=h..." current
23:0523:05, 18 January 2014 diff hist +227‎ N International Accounting Standards Board (IASB) ‎ Created page with "{{Learning concept |Description=The group responsible for creating and promoting International Financial Reporting Standards (IFRSs). |Wikipedia reference=http://en.wikipedia...." current
23:0323:03, 18 January 2014 diff hist +198‎ N Internal Users ‎ Created page with "{{Learning concept |Description=Individuals who use accounting information from within the organization (for example, board of directors, chief financial officer, plant manage..." current
23:0123:01, 18 January 2014 diff hist +324‎ N Internal Control ‎ Created page with "{{Learning concept |Description=A process designed to provide reasonable assurance that the organization produces reliable financial reports, complies with applicable laws and..." current
22:5822:58, 18 January 2014 diff hist +177‎ N Integrity ‎ Created page with "{{Learning concept |Description=The qualities of being complete, unbroken, unimpaired, sound, honest, and sincere. |Wikipedia reference=http://en.wikipedia.org/wiki/Integrity }}" current
22:5722:57, 18 January 2014 diff hist +270‎ N Institute of Management Accountants ‎ Created page with "{{Learning concept |Description=A professional accounting organization that intends to influence the concepts and ethical practice of management accounting and financial manag..." current
22:5522:55, 18 January 2014 diff hist +243‎ N Institute of Internal Auditors ‎ Created page with "{{Learning concept |Description=A professional accounting organization that is dedicated to the promotion and development of the practice of internal auditing. |Wikipedia refe..." current
22:4222:42, 18 January 2014 diff hist +313‎ N Information and Communication ‎ Created page with "{{Learning concept |Description=The organization's process for capturing operational, financial, and compliance-related information necessary to run the business, and communic..." current
22:3922:39, 18 January 2014 diff hist +234‎ N General-purpose Information ‎ Created page with "{{Learning concept |Description=Information that is intended to meet the needs of multiple users that have an interest in the financial activities of an enterprise rather than..." current
22:3722:37, 18 January 2014 diff hist +179‎ N Financial Statement ‎ Created page with "{{Learning concept |Description=A monetary declaration of what is believed to be true about an enterprise. |Wikipedia reference=http://en.wikipedia.org/wiki/Financial_Statemen..." current
22:3522:35, 18 January 2014 diff hist +250‎ N Financial Accounting Standards Board (FASB) ‎ Created page with "{{Learning concept |Description=A private-sector organization that is responsible for determining generally accepted accounting principles in the United States. |Wikipedia ref..." current
22:3322:33, 18 January 2014 diff hist +298‎ N Financial Accounting ‎ Created page with "{{Learning concept |Description=Providing information about the financial resources, obligations, and activities of an economic entity that is intended for use primarily by ex..."
22:3122:31, 18 January 2014 diff hist +271‎ N External Users ‎ Created page with "{{Learning concept |Description=Individuals and other enterprises that have a financial interest in the reporting enterprise but that are not involved in the day-to-day operat..." current
17:4917:49, 18 January 2014 diff hist +271‎ N Corporate Governance (Concept) ‎ Created page with "{{Learning concept |Description=Includes the corporate structures and processes for overseeing a company's affairs, for example, the board of directors and the company's inter..." current
17:4817:48, 18 January 2014 diff hist +10‎ Accounting: Information for Decision Making ‎No edit summary current
17:4717:47, 18 January 2014 diff hist +214‎ N Control Environment ‎ Created page with "{{Learning concept |Description=The foundation for all the other elements of internal control, setting the overall tone for the organization. |Wikipedia reference=http://en.wi..." current
17:4517:45, 18 January 2014 diff hist +156‎ N Control Activities ‎ Created page with "{{Learning concept |Description=Policies and procedures that management puts in place to address the risks identified during the risk assessment process. }}" current
17:4417:44, 18 January 2014 diff hist +327‎ N Committee of Sponsoring Organizations of the Treadway Commission (COSO) ‎ Created page with "{{Learning concept |Description=A voluntary private-sector organization dedicated to improving the quality of financial reporting through business ethics, effective internal c..." current
17:4217:42, 18 January 2014 diff hist +229‎ N Certified Public Accountant ‎ Created page with "{{Learning concept |Description=An accountant who is licensed by a state after meeting rigorous education, experience, and examination requirements. |Wikipedia reference=http:..." current
17:2817:28, 18 January 2014 diff hist +240‎ N Certified Management Accountant ‎ Created page with "{{Learning concept |Description=A professional designation issued by the Institute of Management Accountants signifying expertise in management accounting. |Wikipedia referenc..." current
17:2617:26, 18 January 2014 diff hist +263‎ N Certified Internal Auditor ‎ Created page with "{{Learning concept |Description=A professional designation issued by the Institute of Internal Auditors signifying expertise in internal auditing. |Wikipedia reference=http://..." current
17:2517:25, 18 January 2014 diff hist +187‎ N Cash Flow Prospects ‎ Created page with "{{Learning concept |Description=The likelihood that an enterprise will be able to provide an investor with both a return on the investor's investment and the return of that in..." current
17:2417:24, 18 January 2014 diff hist +230‎ N Bookkeeping ‎ Created page with "{{Learning concept |Description=The clerical dimension of accounting that includes recording the routine transactions and day-to-day record keeping of an enterprise. |Wikipedi..." current
17:1817:18, 18 January 2014 diff hist +245‎ N Balance Sheet ‎ Created page with "{{Learning concept |Description=A position statement that shows where the company stands in financial terms at a specific date. (Also called the statement of financial positio..." current
17:1517:15, 18 January 2014 diff hist +142‎ Audit ‎No edit summary current
17:1117:11, 18 January 2014 diff hist +388‎ N American Institute of CPAs ‎ Created page with "{{Learning concept |Description=A professional accounting organization of certified public accountants that engages in a variety of professional activities, including establis..." current
17:1017:10, 18 January 2014 diff hist +277‎ N American Accounting Association ‎ Created page with "{{Learning concept |Description=A professional accounting organization consisting primarily of accounting educators that is dedicated to improving accounting education, resear..." current
17:0917:09, 18 January 2014 diff hist +194‎ N Accounting System ‎ Created page with "{{Learning concept |Description=The personnel, procedures, devices, and records used by an organization to develop accounting information and communicate that information to ..." current

18:4318:43, 17 January 2014 diff hist +124‎ N Product Mix ‎ Created page with "{{Learning concept |Description=The variety and relative quantities of goods and services that a company offers for sale. }}" current
18:4218:42, 17 January 2014 diff hist +332‎ N Peak Pricing ‎ Created page with "{{Learning concept |Description=The strategy of charging a higher price during periods of high demand, and a lower price during periods of slack demand. Intended to both maxim..." current
18:3918:39, 17 January 2014 diff hist +592‎ N Operating Activities ‎ Created page with "{{Learning concept |Description=Transactions entering into the determination of profit, with the exception of gains and losses relating to financing or investing activities. T..." current
18:3418:34, 17 January 2014 diff hist +478‎ N Investing Activities ‎ Created page with "{{Learning concept |Description=Transactions involving acquisitions or sales of investments or property, plant, and equipment and making or collecting loans. The cash aspects ..." current
18:3118:31, 17 January 2014 diff hist +315‎ N Free Cash Flow ‎ Created page with "{{Learning concept |Description=The portion of the annual net cash from operating activities that remains available for discretionary purposes after the basic obligations of t..." current
18:2818:28, 17 January 2014 diff hist +444‎ N Financing Activities ‎ Created page with "{{Learning concept |Description=Transactions such as borrowing, repaying borrowed amounts, raising equity capital, or making distributions to owners. The cash effects of these..." current
18:2518:25, 17 January 2014 diff hist +184‎ N Complementary Products ‎ Created page with "{{Learning concept |Description=Products that "fit together" - that tie in with a company's other products. As a result, customers attracted to one product may also purchase o..." current
18:2218:22, 17 January 2014 diff hist +172‎ N Cash Flows ‎ Created page with "{{Learning concept |Description=A term describing both cash receipts (inflows) and cash payments (outflows). |Wikipedia reference=http://en.wikipedia.org/wiki/Cash_flows }}" current
18:2018:20, 17 January 2014 diff hist +225‎ N Cash Budget ‎ Created page with "{{Learning concept |Description=A detailed forecast of expected future cash receipts and cash payments, rather than revenue earned or expenses incurred. |Wikipedia reference=h..." current
18:1718:17, 17 January 2014 diff hist +250‎ N Cash Basis ‎ Created page with "{{Learning concept |Description=The practice of summarizing operating results in terms of cash receipts and cash payments, rather than revenue earned or expenses incurred. |Wi..." current
18:1518:15, 17 January 2014 diff hist +253‎ N Accrual Basis ‎ Created page with "{{Learning concept |Description=A method of summarizing operating results in terms of revenue earned and expenses incurred, rather than cash receipts or cash payments. |Wikipe..." current
18:0618:06, 17 January 2014 diff hist +376‎ N Units-Of-Output ‎ Created page with "{{Learning concept |Description=A depreciation method in which cost (minus residual value) is divided by the estimated units of lifetime output. The unit depreciation cost is ..." current
18:0218:02, 17 January 2014 diff hist +299‎ N Sum-Of-The-Years' Digits (SYD) Depreciation ‎ Created page with "{{Learning concept |Description=A long-established but seldom-used method of accelerated depreciation. Usually produces results that lie in between the 200 percent-and 150 per..." current
18:0018:00, 17 January 2014 diff hist +267‎ N Straight-line Depreciation ‎ Created page with "{{Learning concept |Description=A method of depreciation that allocates the cost of an asset (minus any residual value) equally to each year of its useful life. |Wikipedia ref..." current
17:5817:58, 17 January 2014 diff hist +101‎ N Revenue Expenditures ‎ Created page with "{{Learning concept |Description=Expenditures that will benefit only the current accounting period. }}" current
17:5717:57, 17 January 2014 diff hist +223‎ N Residual (Salvage) Value ‎ Created page with "{{Learning concept |Description=The portion of an asset's cost expected to be recovered through sale or trade-in of the asset at the end of its useful life. |Wikipedia referen..." current
17:5417:54, 17 January 2014 diff hist +217‎ N Property Plant and Equipment Assets ‎ Created page with "{{Learning concept |Description=Long-lived assets that are acquired for use in business operations rather than for resale to customers. |Wikipedia reference=http://en.wikipedi..." current
17:5217:52, 17 January 2014 diff hist +328‎ N Present Value ‎ Created page with "{{Learning concept |Description=The amount that a knowledgeable investor would pay today for the right to receive future cash flows. The present value is always less than the ..." current
17:5017:50, 17 January 2014 diff hist +374‎ N Noncash Charge Or Expense ‎ Created page with "{{Learning concept |Description=A charge against earnings - either an expense or a loss - that does not require a cash expenditure at or near the time of recognition. Thus, th..." current
17:4717:47, 17 January 2014 diff hist +137‎ N Net Identifiable Assets ‎ Created page with "{{Learning concept |Description=The total of all assets minus liabilities. |Wikipedia reference=http://en.wikipedia.org/wiki/Net_worth }}" current
17:4517:45, 17 January 2014 diff hist +215‎ N Natural Resources ‎ Created page with "{{Learning concept |Description=Mines, oil fields, standing timber, and similar assets that are physically consumed and converted into inventory. |Wikipedia reference=http://e..." current
17:4417:44, 17 January 2014 diff hist +185‎ N Intangible Assets ‎ Created page with "{{Learning concept |Description=Those assets that are identifiable nonmonetary assets without physical substance. |Wikipedia reference=http://en.wikipedia.org/wiki/Intangible..." current
17:1417:14, 17 January 2014 diff hist +200‎ N Impairment Loss ‎ Created page with "{{Learning concept |Description=Writing down a long-lived asset for the difference between its carrying amount less its fair value. |Wikipedia reference=http://en.wikipedia.or..." current
17:1317:13, 17 January 2014 diff hist +351‎ N Half-Year Convention ‎ Created page with "{{Learning concept |Description=The practice of taking six months' depreciation in the year of acquisition and in the year of disposition, rather than computing depreciation f..." current
17:1017:10, 17 January 2014 diff hist +360‎ N Goodwill ‎ Created page with "{{Learning concept |Description=The present value of expected future earnings of a business in excess of the earnings normally realized in the industry. Recorded when a busine..." current
17:0317:03, 17 January 2014 diff hist +345‎ N Fixed-Percentage-Of-Declining-Balance Depreciation ‎ Created page with "{{Learning concept |Description=An accelerated method of depreciation in which the rate is a multiple of the straight-line rate and is applied each year to the undepreciated c..." current
16:5816:58, 17 January 2014 diff hist +232‎ N Depletion ‎ Created page with "{{Learning concept |Description=Allocating the cost of a natural resource to the units removed as the resource is mined, pumped, cut, or otherwise consumed. |Wikipedia referen..." current
16:5216:52, 17 January 2014 diff hist +301‎ N Capitalize ‎ Created page with "{{Learning concept |Description=A verb with two different meanings in accounting. The first is to debit an expenditure to an asset account, rather than directly to expense. Th..." current
16:4616:46, 17 January 2014 diff hist +210‎ N Capital Expenditures ‎ Created page with "{{Learning concept |Description=Costs incurred to acquire a long-lived asset. Expenditures that will benefit several accounting periods. |Wikipedia reference=http://en.wikiped..." current
16:4416:44, 17 January 2014 diff hist +346‎ N Book Value (Revaluation Model) ‎ Created page with "{{Learning concept |Description=The revalued amount (being its fair value at the date of the revaluation) of a PPE asset less any subsequent accumulated depreciation and any s..." current
16:4216:42, 17 January 2014 diff hist +263‎ N Book Value (Cost Model) ‎ Created page with "{{Learning concept |Description=The cost of a PPE asset less the related accumulated depreciation and accumulated impairment losses. The remaining undepreciated cost is also k..." current
16:3916:39, 17 January 2014 diff hist +217‎ N Amortization ‎ Created page with "{{Learning concept |Description=The systematic allocation of the depreciable amount of an intangible asset over the periods of its economic usefulness. |Wikipedia reference=ht..." current
16:3816:38, 17 January 2014 diff hist +297‎ N Accelerated Depreciation ‎ Created page with "{{Learning concept |Description=Methods of depreciation that call for recognition of relatively large amounts of depreciation in the early years of an asset's useful life and ..." current
16:1716:17, 17 January 2014 diff hist +315‎ N Write-down (Of An Asset) ‎ Created page with "{{Learning concept |Description=A reduction in the carrying amount of an asset because it has become obsolete or its usefulness has otherwise been impaired. Involves a credit ..." current
16:1516:15, 17 January 2014 diff hist +246‎ N Weighted Average Cost Method ‎ Created page with "{{Learning concept |Description=A method of valuing all units in inventory at the same average per-unit cost, which is recomputed after every purchase. |Wikipedia reference=ht..." current
16:1016:10, 17 January 2014 diff hist +309‎ N Specific Cost Identification ‎ Created page with "{{Learning concept |Description=Recording as the cost of goods sold the actual costs of the specific units sold. Necessary if each unit in inventory is unique, but not if the ..." current
16:0716:07, 17 January 2014 diff hist +99‎ N Shrinkage Losses ‎ Created page with "{{Learning concept |Description=Losses of inventory resulting from theft, spoilage, or breakage. }}" current
16:0116:01, 17 January 2014 diff hist +370‎ N Retail Method ‎ Created page with "{{Learning concept |Description=A method of estimating the cost of goods sold and ending inventory. Similar to the gross profit method, except that the cost ratio is based on ..." current
15:5515:55, 17 January 2014 diff hist +276‎ N Physical Inventory ‎ Created page with "{{Learning concept |Description=A systematic count of all goods on hand, followed by the application of unit prices to the quantities counted and development of a dollar valua..." current
15:5315:53, 17 January 2014 diff hist −1‎ Moving Average Method ‎No edit summary current
15:5315:53, 17 January 2014 diff hist +301‎ N Moving Average Method ‎ Created page with " {{Learning concept |Description=A method of valuing all units of inventory at the same average per-unit cost, recalculating this cost after each purchase. This method is used..."
15:5015:50, 17 January 2014 diff hist +451‎ N Lower-Of-Cost-And-Net-Realizable-Value (LCNRV) Rule ‎ Created page with "{{Learning concept |Description=A method of inventory pricing in which goods are valued at original cost or net realizable value, whichever is lower. Below you can find two l..." current
15:4415:44, 17 January 2014 diff hist +303‎ N Last-in First-out (LIFO) Method ‎ Created page with "{{Learning concept |Description=A method of computing the cost of goods sold by use of the prices paid for the most recently acquired units. Ending inventory is valued on the ..." current
15:4315:43, 17 January 2014 diff hist +335‎ N First-in First-out (FIFO) Method ‎ Created page with "{{Learning concept |Description=A method of computing the cost of inventory and the cost of goods sold based on the assumption that the first goods acquired and the first good..." current
15:4115:41, 17 January 2014 diff hist +431‎ Just-In-Time (JIT) Inventory Policy ‎No edit summary current
15:3815:38, 17 January 2014 diff hist +256‎ N Inventory Turnover ‎ Created page with "{{Learning concept |Description=The cost of goods sold divided by the average amount of inventory. Indicates how many times the average inventory is sold during the course of ..." current
15:3615:36, 17 January 2014 diff hist +359‎ N Gross Profit Method ‎ Created page with "{{Learning concept |Description=A method of estimating the cost of the ending inventory based on the assumption that the rate of gross profit remains approximately the same fr..." current
15:3315:33, 17 January 2014 diff hist +317‎ N F.O.B. Shipping Point ‎ Created page with "{{Learning concept |Description=The buyer of goods bears the cost of transportation from the seller's location to the buyer's location. Title to the goods passes at the point ..." current
15:3115:31, 17 January 2014 diff hist +193‎ N F.O.B. Destination ‎ Created page with "{{Learning concept |Description=A term meaning the seller bears the cost of shipping goods to the buyer's location. Title of the goods remains with the seller while the goods ..." current
15:2215:22, 17 January 2014 diff hist −2‎ Inventories & the COGS ‎No edit summary current
15:2115:21, 17 January 2014 diff hist +203‎ N Cost Ratio ‎ Created page with "{{Learning concept |Description=The cost of goods expressed as a percentage of the retail selling price. Used in inventory estimating techniques, such as the gross profit meth..." current
15:1915:19, 17 January 2014 diff hist +210‎ N Cost Layer ‎ Created page with "{{Learning concept |Description=Units of goods acquired at the same unit cost. An inventory comprised of several cost layers is characteristic of all inventory valuation metho..." current
14:0414:04, 17 January 2014 diff hist +223‎ N Cost Flow Assumption ‎ Created page with "{{Learning concept |Description=Assumption as to the sequence in which units are removed from inventory for the purpose of sale. It is not required to parallel the physical mo..." current
13:5813:58, 17 January 2014 diff hist +297‎ N Consistency (in Inventory Valuation) ‎ Created page with "{{Learning concept |Description=this calls for the use of the same method of inventory pricing from year to year, with full disclosure of the effects of any change in method. ..." current
13:4513:45, 17 January 2014 diff hist +173‎ N Taking A Physical Inventory ‎ Created page with "{{Learning concept |Description=The procedure of counting all goods on hand and determining the cost. |Wikipedia reference=http://en.wikipedia.org/wiki/Inventory_checking }}" current
13:4213:42, 17 January 2014 diff hist +348‎ N Subsidiary Ledger ‎ Created page with "{{Learning concept |Description=A ledger containing separate accounts for each of the items making up the balance of a control account in the general ledger. The total of the ..." current
13:4013:40, 17 January 2014 diff hist +290‎ N Special Journal ‎ Created page with "{{Learning concept |Description=An accounting record or device designed for recording large numbers of a particular type of transaction quickly and efficiently. A business may..." current
13:3813:38, 17 January 2014 diff hist +151‎ N Sales Per Square Meter of Selling Space ‎ Created page with "{{Learning concept |Description=A measure of efficient use of available space. |Wikipedia reference=http://en.wikipedia.org/wiki/Sales_per_unit_area }}" current
13:3013:30, 17 January 2014 diff hist +471‎ N Point-Of-Sale (POS) Terminals ‎ Created page with "{{Learning concept |Description=Electronic cash registers used for computer-based processing of sales transactions. The POS terminal identifies each item of goods from its bar..." current
13:2613:26, 17 January 2014 diff hist +27‎ Perpetual Inventory System ‎No edit summary current
13:2513:25, 17 January 2014 diff hist +362‎ N Periodic Inventory System ‎ Created page with "{{Learning concept |Description=An alternative to the perpetual inventory system. It eliminates the need for recording the cost of goods sold as sales occur. However, the amou..." current
13:2213:22, 17 January 2014 diff hist +149‎ N Operating Cycle ‎ Created page with "{{Learning concept |Description=The repeating sequence of transactions by which a business generates its revenue and cash receipts from customers. }}" current
13:2113:21, 17 January 2014 diff hist +277‎ N Net Sales ‎ Created page with "{{Learning concept |Description=Gross sales revenue less sales returns and allowances and sales discounts. The most widely used measure of dollar sales volume; usually the fir..." current
13:1813:18, 17 January 2014 diff hist +185‎ N Inventory Shrinkage ‎ Created page with "{{Learning concept |Description=The loss of goods through such causes as shoplifting, breakage, and spoilage. |Wikipedia reference=http://en.wikipedia.org/wiki/Shrinkage_(acco..." current
13:1713:17, 17 January 2014 diff hist +134‎ N Inventory ‎ Created page with "{{Learning concept |Description=Goods intended for resale to customers. |Wikipedia reference=http://en.wikipedia.org/wiki/Inventory }}" current
13:1613:16, 17 January 2014 diff hist +190‎ N Gross Profit Rate ‎ Created page with "{{Learning concept |Description=Gross profit expressed as a percentage of net sales. Also called gross profit margin. |Wikipedia reference=http://en.wikipedia.org/wiki/Gross_p..." current
13:1413:14, 17 January 2014 diff hist +145‎ N Gross Profit ‎ Created page with "{{Learning concept |Description=Net sales revenue minus the cost of goods sold. |Wikipedia reference=http://en.wikipedia.org/wiki/Gross_Profit }}" current
13:1313:13, 17 January 2014 diff hist +200‎ N Cost of Goods Sold ‎ Created page with "{{Learning concept |Description=The cost to a merchandising company of the goods it has sold to its customers during the period. |Wikipedia reference=http://en.wikipedia.org/w..." current
13:1213:12, 17 January 2014 diff hist +186‎ N Control Account ‎ Created page with "{{Learning concept |Description=A general ledger account that summarizes the content of a specific subsidiary ledger. |Wikipedia reference=http://en.wikipedia.org/wiki/Control..." current
13:1013:10, 17 January 2014 diff hist +182‎ N Contra-revenue Account ‎ Created page with "{{Learning concept |Description=A debit balance account that is off-set against revenue in the income statement. Examples include Sales Discounts and Sales Returns and Allowan..." current
13:0913:09, 17 January 2014 diff hist +216‎ N Comparable Store Sales ‎ Created page with "{{Learning concept |Description=A comparison of sales figures at established stores with existing "track records." (Also called same-store sales.) |Wikipedia reference=http://..." current

19:5719:57, 15 January 2014 diff hist +293‎ N Factoring ‎ Created page with "{{Learning concept |Description=Transactions in which a business either sells its accounts receivable to a financial institution (often called a factor) or borrows money by pl..." current
19:5719:57, 15 January 2014 diff hist +251‎ N NSF Check ‎ Created page with "{{Learning concept |Description=A customer's check that was deposited but returned because of a lack of funds (Not Sufficient Funds) in the account on which the check was draw..." current
19:5619:56, 15 January 2014 diff hist +115‎ N Maturity Value ‎ Created page with "{{Learning concept |Description=The value of a note at its maturity date, consisting of principal plus interest. }}" current
19:5519:55, 15 January 2014 diff hist +148‎ N Maturity Date ‎ Created page with "{{Learning concept |Description=The date on which a note becomes due and payable. |Wikipedia reference=http://en.wikipedia.org/wiki/Maturity_date }}" current
19:5419:54, 15 January 2014 diff hist +337‎ N Mark-to-Market ‎ Created page with "{{Learning concept |Description=The balance sheet valuation standard applied to investments in securities. Involves adjusting the control account for securities owned to its t..." current
19:5219:52, 15 January 2014 diff hist +149‎ Loss ‎No edit summary current
19:5119:51, 15 January 2014 diff hist +376‎ N Line of Credit ‎ Created page with "{{Learning concept |Description=A prearranged borrowing agreement in which a bank stands ready to advance the borrower without delay any amount up to a specified credit limit...." current
19:4819:48, 15 January 2014 diff hist +237‎ N Investments In Securities ‎ Created page with "{{Learning concept |Description=Highly liquid investments, primarily in shares and bonds, that can be sold at quoted market prices in organized securities exchanges. |Wikipedi..." current
19:4619:46, 15 January 2014 diff hist +349‎ N Gain (or Loss) on Fair Value Changes of Investments ‎ Created page with "{{Learning concept |Description=A component of other comprehensive income, being an equity item in the balance sheet, representing the difference between the cost of investmen..." current
19:4419:44, 15 January 2014 diff hist +286‎ N Gain ‎ Created page with "{{Learning concept |Description=An increase in equity resulting from a transaction other than earning revenue or investment by the owners. The most common example is the sale ..." current
19:4219:42, 15 January 2014 diff hist +217‎ N Financial Assets (Concept) ‎ Created page with "{{Learning concept |Description=Cash and assets convertible directly into known amounts of cash (such as investments in securities and receivables). |Wikipedia reference=http:..." current
19:3919:39, 15 January 2014 diff hist +418‎ N Direct Write-off Method ‎ Created page with "{{Learning concept |Description=A method of accounting for uncollectible receivables in which no expense is recognized until individual accounts are determined to be worthless..." current
19:3419:34, 15 January 2014 diff hist +177‎ N Default ‎ Created page with "{{Learning concept |Description=Failure to pay interest or principal of a promissory note at the due date. |Wikipedia reference=http://en.wikipedia.org/wiki/Default_(finance) }}" current
19:3319:33, 15 January 2014 diff hist +150‎ N Compensating Balance ‎ Created page with "{{Learning concept |Description=A minimum average balance that a bank may require a borrower to leave on deposit in a non-interest bearing account. }}" current
19:3119:31, 15 January 2014 diff hist +179‎ N Cash Management ‎ Created page with "{{Learning concept |Description=Planning, controlling, and accounting for cash transactions and cash balances. |Wikipedia reference=http://en.wikipedia.org/wiki/Cash_Managemen..." current
19:3119:31, 15 January 2014 diff hist +354‎ N Cash Equivalents ‎ Created page with "{{Learning concept |Description=Very short-term investments that are so liquid that they are considered equivalent to cash. Examples include money market funds, Treasury bills..." current
19:2919:29, 15 January 2014 diff hist +259‎ N Bank Reconciliation ‎ Created page with "{{Learning concept |Description=An analysis that explains the difference between the balance of cash shown in the bank statement and the balance of cash shown in the depositor..." current
19:2619:26, 15 January 2014 diff hist +340‎ N Aging The Accounts Receivable ‎ Created page with "{{Learning concept |Description=The process of classifying the accounts receivable by age groups such as current. 1-30 days past due, 31-60 days past due, etc. A step in estim..." current
19:2519:25, 15 January 2014 diff hist +252‎ N Allowance for Impairment ‎ Created page with "{{Learning concept |Description=A valuation account or contra-asset account relating to accounts receivable and showing the portion of the receivables estimated to be uncollec..." current
19:2219:22, 15 January 2014 diff hist +286‎ N Accounts Receivable Turnover Rate ‎ Created page with "{{Learning concept |Description=A ratio used to measure the liquidity of accounts receivable and the reasonableness of the accounts receivable balance. Computed by dividing ne..." current
19:1119:11, 15 January 2014 diff hist +474‎ N Worksheet ‎ Created page with "{{Learning concept |Description=A multicolumn schedule showing the relationships among the current account balances (a trial balance), proposed or actual adjusting entries or..." current
19:0819:08, 15 January 2014 diff hist +306‎ N Notes (Accompanying Financial Statements) ‎ Created page with "{{Learning concept |Description=Supplemental disclosures that accompany financial statements. These notes provide users with various types of information considered necessary ..." current
19:0619:06, 15 January 2014 diff hist +143‎ N Interim Financial Statements ‎ Created page with "{{Learning concept |Description=Financial statements prepared for periods of less than one year (includes monthly and quarterly statements). }}" current
19:0419:04, 15 January 2014 diff hist +260‎ N Income Summary ‎ Created page with "{{Learning concept |Description=The summary account in the ledger to which revenue and expense accounts are closed at the end of the period. The balance (credit balance for a ..." current
19:0219:02, 15 January 2014 diff hist +425‎ N General Ledger Software ‎ Created page with "{{Learning concept |Description=Computer software used for recording transactions, maintaining journals and ledgers, and preparing financial statements. Also includes spreadsh..." current
18:5918:59, 15 January 2014 diff hist +233‎ N Current Liabilities ‎ Created page with "{{Learning concept |Description=Existing obligations that are expected to be satisfied with a company's current assets within a relatively short period of time. |Wikipedia ref..." current
18:5818:58, 15 January 2014 diff hist +256‎ N Current Assets ‎ Created page with "{{Learning concept |Description=Cash and other assets that can be converted into cash or used up with a relatively short period of time without interfering with normal busines..." current
18:5618:56, 15 January 2014 diff hist +295‎ N Closing Entries ‎ Created page with "{{Learning concept |Description=Journal entries made at the end of the period for the purpose of closing temporary accounts (revenue, expense, and dividends accounts) and tran..." current
18:5518:55, 15 January 2014 diff hist +228‎ N After-closing Trial Balance ‎ Created page with "{{Learning concept |Description=A trial balance prepared after all closing entries have been made. Consists only of accounts for assets, liabilities, and equity. |Wikipedia re..." current
18:5418:54, 15 January 2014 diff hist +264‎ N Adequate Disclosure ‎ Created page with "{{Learning concept |Description=The generally accepted accounting principle of providing with financial statements any information that users need to interpret those statement..." current
18:5118:51, 15 January 2014 diff hist +210‎ N Useful Life ‎ Created page with "{{Learning concept |Description=The period of time that a depreciable asset is expected to be useful to the business. This is the period over which the cost of the asset is al..." current
18:4918:49, 15 January 2014 diff hist +212‎ N Unearned Revenue ‎ Created page with "{{Learning concept |Description=An obligation to deliver goods or render services in the future, stemming from the receipt of advance payment. |Wikipedia reference=http://en.w..." current
18:4818:48, 15 January 2014 diff hist +257‎ N Straight-line Method of Depreciation ‎ Created page with "{{Learning concept |Description=The widely used approach of recognizing an equal amount of depreciation expense in each period of a depreciable asset's useful life. |Wikipedia..." current
18:4618:46, 15 January 2014 diff hist +293‎ N Recognition (Principle) ‎ Created page with "{{Learning concept |Description=The accounting principle that governs the timing of revenue recognition. Basically, the principle indicates that revenue should be recognized i..." current
18:4518:45, 15 January 2014 diff hist +302‎ N Prepaid Expenses ‎ Created page with "{{Learning concept |Description=Assets representing advance payment of the expenses of future accounting periods. As time passes, adjusting entries are made to transfer the re..." current
18:4318:43, 15 January 2014 diff hist +415‎ N Materiality ‎ Created page with "{{Learning concept |Description=The relative importance of an item or amount. Items significant enough to influence economic decisions are said to be material. Items lacking t..." current
18:3918:39, 15 January 2014 diff hist −2‎ The Accounting Cycle: Accruals & Deferrals ‎No edit summary current
18:3818:38, 15 January 2014 diff hist +188‎ N Immaterial ‎ Created page with "{{Learning concept |Description=Something of little or no consequence. Immaterial items may be accounted for in the most convenient manner, without regard to other theoretical..." current
18:3718:37, 15 January 2014 diff hist +197‎ N Depreciation ‎ Created page with "{{Learning concept |Description=The systematic allocation of the cost of an asset to expense during the periods of its useful life. |Wikipedia reference=http://en.wikipedia.or..." current
18:3618:36, 15 January 2014 diff hist +146‎ N Depreciable Asset ‎ Created page with "{{Learning concept |Description=Physical objects with a limited life. The cost of these assets is gradually recognized as depreciation expense. }}" current
18:3518:35, 15 January 2014 diff hist +261‎ N Contra-asset Account ‎ Created page with "{{Learning concept |Description=An account with a credit balance that is off-set against or deducted from an asset account to produce the proper balance sheet amount for the a..." current
18:3318:33, 15 January 2014 diff hist +272‎ N Book Value ‎ Created page with "{{Learning concept |Description=The net amount at which an asset appears in financial statements. For depreciable assets, book value represents cost minus accumulated deprecia..." current
18:3218:32, 15 January 2014 diff hist +290‎ N Adjusting Entries ‎ Created page with "{{Learning concept |Description=Entries made at the end of the accounting period for the purpose of recognizing revenue and expenses that are not properly measured as a result..." current
18:2918:29, 15 January 2014 diff hist +313‎ N Adjusted Trial Balance ‎ Created page with "{{Learning concept |Description=A schedule indicating the balances in ledger accounts after end-of-period adjusting entries have been posted. The amounts shown in the adjusted..." current
18:2818:28, 15 January 2014 diff hist +320‎ N Accumulated Depreciation ‎ Created page with "{{Learning concept |Description=A contra-asset account shown as a deduction for the related asset account in the balance sheet. Depreciation taken throughout the useful life o..." current
18:2618:26, 15 January 2014 diff hist +155‎ N Accrue ‎ Created page with "{{Learning concept |Description=To grow or accumulate over time; for example, interest expense. |Wikipedia reference=http://en.wikipedia.org/wiki/Accrue }}" current
18:2418:24, 15 January 2014 diff hist +202‎ N Trial Balance ‎ Created page with "{{Learning concept |Description=A two-column schedule listing the names and the debit or credit balances of all accounts in the ledger. |Wikipedia reference=http://en.wikipedi..." current
18:2418:24, 15 January 2014 diff hist +273‎ N Time Period Principle ‎ Created page with "{{Learning concept |Description=To provide the users of financial statements with timely information, profit is measured for relatively short accounting periods of equal lengt..." current
18:2218:22, 15 January 2014 diff hist +192‎ N Revenue ‎ Created page with "{{Learning concept |Description=The price of goods and services charged to customers for goods and services rendered by a business. |Wikipedia reference=http://en.wikipedia.or..." current
18:2018:20, 15 January 2014 diff hist +209‎ N Retained Earnings ‎ Created page with "{{Learning concept |Description=That portion of shareholders' (owners') equity resulting from profits earned and retained in the business. |Wikipedia reference=http://en.wikip..."
18:1918:19, 15 January 2014 diff hist +262‎ N Realization Principle ‎ Created page with "{{Learning concept |Description=The generally accepted accounting principle that determines when revenue should be recorded in the accounting records. Revenue is recognized wh..." current
18:1618:16, 15 January 2014 diff hist +245‎ N Profit ‎ Created page with "{{Learning concept |Description=An increase in equity resulting from profitable operations. Also, the excess of revenue earned over the related expenses for a given period. |W..." current
18:1418:14, 15 January 2014 diff hist +129‎ N Posting ‎ Created page with "{{Learning concept |Description=The process of transferring information from the journal to individual accounts in the ledger. }}" current
18:1318:13, 15 January 2014 diff hist +204‎ N Objectivity ‎ Created page with "{{Learning concept |Description=Accountants' preference for using dollar amounts that are relatively factual - as opposed to merely matters of personal opinion . Objective mea..." current
18:1218:12, 15 January 2014 diff hist +345‎ N Matching Principle ‎ Created page with "{{Learning concept |Description=The generally accepted accounting principle that determines when expenses should be recorded in the accounting records. The revenue earned duri..." current
18:0918:09, 15 January 2014 diff hist +95‎ N Loss ‎ Created page with "{{Learning concept |Description=A decrease in equity resulting from unprofitable operations. }}"
18:0718:07, 15 January 2014 diff hist +332‎ N Ledger ‎ Created page with "{{Learning concept |Description=An accounting system includes a separate record for each item that appears in the financial statements. Collectively, these records are referre..." current
18:0518:05, 15 January 2014 diff hist +293‎ N Journal ‎ Created page with "{{Learning concept |Description=A chronological record of transactions, showing for each transaction the debits and credits to be entered in specific ledger accounts. The simp..." current
18:0218:02, 15 January 2014 diff hist +283‎ N Income Statement ‎ Created page with "{{Learning concept |Description=A financial statement summarizing the results of operations of a business by matching its revenues and related expenses for a particular accoun..." current
18:0118:01, 15 January 2014 diff hist +115‎ General Journal ‎No edit summary current
18:0018:00, 15 January 2014 diff hist +198‎ N General Journal ‎ Created page with "{{Learning concept |Description=The simplest type of journal, it has only two money columns - one for credits and one for debits. |Wikipedia reference=http://en.wikipedia.org/..."
17:5817:58, 15 January 2014 diff hist +150‎ N Financial or Fiscal Year ‎ Created page with "{{Learning concept |Description=Any 12-month accounting period adopted by a business. |Wikipedia reference=http://en.wikipedia.org/wiki/Fiscal_Year }}" current
17:5717:57, 15 January 2014 diff hist +170‎ N Expenses ‎ Created page with "{{Learning concept |Description=The costs of goods and services used up in the process of obtaining revenue. |Wikipedia reference=http://en.wikipedia.org/wiki/Expenses }}" current
17:5617:56, 15 January 2014 diff hist +430‎ N Double-entry Accounting ‎ Created page with "{{Learning concept |Description=A system of recording every business transaction with equal dollar amounts of both debit and credit entries. As a result of this system, the ac..." current
17:5417:54, 15 January 2014 diff hist +252‎ N Debit ‎ Created page with "{{Learning concept |Description=An amount entered on the left side of a ledger account. A debit is used to record an increase in an asset or a decrease in a liability or in eq..." current
17:5317:53, 15 January 2014 diff hist +256‎ N Credit ‎ Created page with "{{Learning concept |Description=An amount entered on the left side of a ledger account. A credit is used to record a decrease in in an asset or an increase in a liability or i..." current
17:5017:50, 15 January 2014 diff hist +315‎ N Conservatism ‎ Created page with "{{Learning concept |Description=The traditional accounting practice of resolving uncertainty by choosing the solution that leads to the lower (more conservative) amount of inc..." current
17:4717:47, 15 January 2014 diff hist +378‎ N Accrual Basis of Accounting ‎ Created page with "{{Learning concept |Description=Calls for recording revenue in the period in which it is earned and recording expenses in the period in which they are incurred. The effect of ..." current
17:4517:45, 15 January 2014 diff hist +320‎ N Accounting Period ‎ Created page with "{{Learning concept |Description=The span of time covered by an income statement. One year is the accounting period for much financial reporting, but financial statements are a..." current
17:4317:43, 15 January 2014 diff hist +272‎ N Accounting Cycle ‎ Created page with "{{Learning concept |Description=The sequence of accounting procedures used to record, classify, and summarize accounting information. The cycle begins with the initial recordi..." current
17:4117:41, 15 January 2014 diff hist +319‎ N Accountability ‎ Created page with "{{Learning concept |Description=The condition of being held responsible for one's actions by the existence of an independent record of those actions. Establishing accountabili..." current
17:4017:40, 15 January 2014 diff hist +195‎ N Account ‎ Created page with "{{Learning concept |Description=A record used to summarize all increases and decreases in a particular asset, such as cash, or any other type of asset, liability, equity, reve..." current

21:2321:23, 14 January 2014 diff hist +231‎ N Statement of Cash Flow ‎ Created page with "{{Topic |Learning Concepts=Accrual Basis, Cash Basis, Cash Budget, Cash Equivalents, Cash Flows, Complementary Products, Financing Activities, Free Cash Flow, Investing Activi..." current

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