Limited Liability Company is a combine features of corporations and sole proprietorship.

Managerial accounting is designed around the necessity of managers and not necessarily controlled or regulated.

Refers to a company's book value.

Is the total amount of income generated by the sale of goods or services related to the company's primary operations.

Any resource owned or controlled by a business or an economic entity.

Accounting is the system of recording financial transactions with both numbers and text in the form of financial statements.

Luca Pacioli is known as the "Father of Accounting"

Public accountants are accountants working within a single/specific entity.

A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account

A debit is an accounting entry that either increases revenue or expenses account, or decreases a liability or equity account.

Accounting standards is a common set of principles, standards, procedures that defines the basis of financial accounting policies and practices.

Overview of revenues, expenses, net income, and earnings per share

Measures how well a company generates cash to pay its debt obligations, fund its operating expenses, and fund investments.

Changes made in cash, accounts receivable, depreciation, inventory, and accounts payable.