What is A set of principle that generally accepted in the field of Accounting
100
In 2002 the US Congress enacted a bill that set new standards for all US public company boards, management, and public accounting firms, this is commonly known as..
What is SOX?
100
The part of a Long-Term Liability that must be paid in the next 12 months.
What is Current Liability
100
When ordinary expenses are capitalized.
What is Delaying Expenses
100
stockholders buy these pieces of paper for interest growth?
What is stock
200
What is the SEC?
What is A government agency that associates it self with the FASB
200
the value of an asset that is intangible; usually valued in the form of a company's reputation from customers or clients.
What is Goodwill?
200
The Level of Fair Valuation that Compares the Same asset or liability in an Active market.
What is Level 1
200
When separate legal entities incur expenses the company doesn't want on its financial statement.
What is Off-Balance-Seet reporting
200
investors look at these documents companies put out to determine their investing stance.
What is financial statements
300
What is the FASB?
What is A non government agency that associate itself very close with the SEC
300
Government regulation, and Individual auditors.
What are external governance controls?
300
The Level of Fair Valuation that uses Unobservable Inputs for Valuation
What is Level 3
300
When lump sum payments for long term contracts are fully recorded in the period received
What is accelerating revenues
300
Agencies that look out for investors
What is governmental agencies
400
What is the cost principle?
What is This principle requires that assets and liabilities be recorded at their acquisition price.
400
Internal auditors, board of directions, shareholders, management, and Balance of power.
What are agents of internal corporate governance control?
400
The International Organization that Released IFRS 13 on May 12, 2011.
What is the IASB
400
this was a way to keep the costs of a new building off a company's balance sheet
What is a synthetic lease
400
assets+ liabilities=
What is equity
500
What are the FASB and SEC?
What is Two agencies working together creating principles and assumptions.