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Intermediate Accounting I
Exam 1
49
Accounting
Undergraduate 4
02/10/2014
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Term
Assets
 Definition
Term
Liabilities
 Definition
Term
Equity
 Definition
Term

Balance Sheet

 

 Definition
Term
Four Basic Assumptions
 Definition
Term
Economic Entity
 Definition
Term
Going Concern
 Definition
Term
Monetary Unit
 Definition
Term
Periodicity (Time Period)
 Definition
Term
Basic Principles of Accounting
 Definition
Term
Revenue Recognition
 Definition
Term
Expense Recognition
 Definition
Term
Measurement
 Definition
Term
Full Disclosure
 Definition
Term
Income Statement
 Definition
Term
Revenues
 Definition
Term
Expenses
 Definition
Term
Gains
 Definition
Term
Losses
 Definition
Term
Comprehensive Income
 Definition
Term
Qualitative Characteristics
 Definition
Term
Primary Users
 Definition
Term
Capital Providers (investors and creditors)
 Definition
Term
Constraint
 Definition
Term
Cost
 Definition
Term
Persuasive Criterion
 Definition
Term
decsion usefulness
 Definition
Term
fundamental qualities
 Definition
Term
relevance
 Definition
Term
faithful representation
 Definition
Term
ingredients of fundamental qualities
 Definition
Term
predictive value
 Definition
Term
confirmatory value
 Definition
Term
materiality
 Definition
Term
completeness
 Definition
Term
free from error
 Definition
Term
neutrality
 Definition
Term
enhancing qualities
 Definition
Term
comparability
 Definition
Term
verifiability
 Definition
Term
timeliness
 Definition
Term
understability
 Definition
Term
Recognition, Measurement, and Disclosure Concepts
 Definition
Term
Assumptions
 Definition
Term
Principles
 Definition
Term
Constraint
 Definition
Term
Qualitative characteristics of accounting information
 Definition
Term
elements of financial statements
 Definition
Term
Objective of financial reporting
 Definition
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