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These are a form of income given to the shareholders for their investment in the company.
What is Dividends?
Refer to the obligations incurred by a company during its operations that remain due and must be paid in the short term.
What is Accounts Payable?
Is a document given to the buyer by the seller to collect payment
What is Invoice?
help companies to comply with laws and regulations, and prevent fraud.
What is Internal Controls?
is an acquisition of goods or services
What is Purchase?
Is an ownership interest in property that may be offset by debts or other liabilities. _______ is measured for accounting purposes by subtracting liabilities from the value of the assets owned.
What is Equity?
this refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. In general, as investment ______ rise, investors seek higher returns to compensate themselves for taking such _______.
What is Risk?
This equates to _______ = Assets - Liabilities
What is Owner's Equity?
It is a long term loan that normally equates to millions of debt. Only large companies usually acquire this type of Loan
What is Bonds Payable?
the state or condition of being wrong in conduct or judgment
This is a way on how businesses get capital for their daily operations.
What is debt?
This group of people approves the issuance and the changes of capital stock
Who is the Board of Directors?
a intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
What is Fraud?
occurs when something has not been treated correctly in the financial statements
an agreement between a lender and a borrower. In accounting, a ________ is a type of bookkeeping entry, the opposite of which is a debit.
What is Credit?
Acquisition and Repayment of Capital is called
Hint = it is a cycle
What is Financial Cycle?
This person is in charge with the protection of creditors' interests and with the issuing of the company's compliance with the provisions of the indenture.
detailed records of the names and addresses of the registered owners of the bonds,
cancels old bond certificates and issues new ones when bond change ownership,
follows procedures to prevent over issuance of bond certificates,
distribute interest payments, and distributes principal payments when the bonds mature.
who is a trustee/independent trustee?
A process that begins with capturing data about a transaction and ends with an information output, such as a set of financial statements.
What is Transaction cycle?
What are the essentials characteristics of accounts payable
LIABILITY
SHORT-TERM
BUSINESS TRANSACTION
What is another term for Accounts Payable
Voucher Payable in Voucher System