Intermediate Accounting

...

financial accounting

managerial accounting

GAAP

SEC

FASB

IASB

IFRS

Timeliness

Timeliness

Consistency

Comparability

Liability

revenue

Gain

Loss

Equity

Asset

Net income

Economic entity assumption

Periodicity

Materiality

Going concern assumption

Monetary unit assumption

Economic entity assumption

Periodicity assumption

Economic entity assumption

Materiality

Conservatism

Going concern assumption

Monetary unit assumption

Common stock

credit

current liabilities

unqualified opinion

notes receivable

accrued liabilities

qualified opinion

long-term solvency

liquidity

accrued liabilities

current assets

adverse opinion

accounts receivable

working capital

prepaid expenses

operating cycle

Current ratio

return on equity

acid-test ratio