Shared Flashcard Set

Details

ACCT 202
Unit 1 test
10
Accounting
Undergraduate 2
09/15/2013

Additional Accounting Flashcards

 


 

Cards

Term
Board of Directors
Definition
These ppl are hired by the stockholders to oversee the company.
Term
CEO
Definition
These person manages the company on a daily basis
Term
COO & CFO
Definition
Hired by the CEO to run various aspects of the organization.
Term
Company's operations including: R&D, production, and distribution.
Definition
What is the COO responsible for?
Term
Financial concerns
Definition
What is the CFO responsible for?
Term
Treasurer- Raising capital and investing funds
Controller- General financial/managerial accounting,and tax reporting
Definition
What are the treasurer and controller responsible for?
Term
Audit Committee
Definition
A subcommittee of the board of directors
Term
Institute of Management Accountants (IMA)
Definition
The professional association for management accountants
Term
Competance, Confidentiality, Integrity, Credibility
Definition
What are the 4 IMA ethical standards
Term
Extensible Business Reporting Language (XBRL)
Definition
Enable companies to release financial and business info in a format that can be quickly sorted and analyzed over the internet
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