HBO

___ are quantitative expressions of a proposed plan of action and aid in the coordination and implementation of the plan

_____measures and records business transactions and is focused on reporting to external parties.

Capital expenditures represent significant investments of capital that a company makes to maintain or expand business

___ involves managers examining past performance and exploring alternative ways to make better future decisions

___ are written records that convey the business activities and the financial performance of a company.

There are 5 emements of financial statements

_____are items of economic benefit that are expected to yield benefits in future periods.

The overall amount of cash and other assets owned by a business is called

Marketing, advertising, Salaries, benefits, and wages, general, and administrative, Rent and insurance are ____ expenses

Any amount which NOT is received by the sale of fixed asset is capital income

____means that when there are two values of a transaction available, the lower one is to be favored

Accounting concepts are the basic rules, assumptions, and conditions that define the accounting parameters

Accruals concept states that Revenue is recognized when earned, and expenses are recognized when assets are consumed

is the reduction in value of an asset as it is used to generate revenue.

____ is the process of identifying, measuring, and communicating economic information to make decisions

____is the amount invested in a business by its owners

____is an increase in assets or decrease in liabilities caused by the provision of services or products to customers

Strategic planning involves

financial statements are prepared on the assumption that the business will remain in operation in future periods.

____ measures and reports financial and Nonfinancial Information to help managers make decisions

_____are legally binding obligations payable to another entity or individual

Performance reports are reports that compare actual results with budgeted amounts.

Cost Accounting provides information for both management accounting and financial accounting?

Managers are external users opf accounting information