
Accounting chapter 7 review
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Wayground Content
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33 questions
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1.
FLASHCARD QUESTION
Front
Do many businesses choose a one-year fiscal period that ends during a period of high business activity?
Back
False
2.
FLASHCARD QUESTION
Front
The area of accounting which focuses on reporting information to external users.
Back
Financial Accounting
3.
FLASHCARD QUESTION
Front
The area of accounting which focuses on reporting information to internal users.
Back
Managerial Accounting
4.
FLASHCARD QUESTION
Front
A financial statement that reports the changes in the capital account for a proprietorship for a period of time.
Back
Statement of Owner's Equity
5.
FLASHCARD QUESTION
Front
A comparison between two components of financial information.
Back
Financial Ratio
6.
FLASHCARD QUESTION
Front
The calculation and interpretation of financial ratios
Back
Ratio Analysis
7.
FLASHCARD QUESTION
Front
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
Back
Vertical Analysis
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