Term or Abbreviation
J (1) SEC
F (2) Audit
H (3) Sole proprietorship
E (4) Corporation
A (5) Accounting
D (6) Accounting Entity
(7) Audit report
L (8) Publicly traded
C (9) Partnership
K (10) FASB
G (11) CPA
B (12) Unit of measure
M (13) GAAP
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Definition
A. A system that collects and processes
financial information
about an organization and reports that information to decision makers.
B. Measurement of information about an entity
in terms of the
dollar or other national monetary unit.
C. An unincorporated business owned by two or
more persons.
D. The organization for which financial data are
to be collected (separate
and distinct from its owners).
E. An incorporated entity that issues shares of
stock as evidence
of ownership.
F. An examination of the financial reports to
ensure that they
represent what they claim and conform with generally accepted accounting principles.
G. Certified Public
Accountant.
H. An unincorporated business owned by one
person.
I.
A
report that describes the auditors opinion of the fairness of the financial statement
presentations and the
evidence gathered to support that opinion.
J.
Securities
and Exchange Commission.
K. Financial Accounting Standards Board.
L. A company with stock that can be bought and
sold by investors
on established stock exchanges.
M. Generally accepted accounting principles.
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