Index
AAA, see American Accounting Association
accounting, 2–6
assumptions made in, 6–7
definition of, 139
and external users, 3–5
GAAP for, 8–9
and internal users, 2
management, 144
managerial, 2
see also financial accounting
accounting cycles, 6
accounting policies and practices, in notes to financial statements, 34
The Accounting Review, 5
Accounting Series Releases (ASRs), 4
accounting standards
FASB’s review and establishment of, 4
groups and organizations influencing, 5
accounts payable
as current liabilities, 25, 58
definition of, 139
accounts receivable, 43
definition of, 139
requiring valuation adjustment, 79
accounts receivable turnover ratio, 99
accrual accounting, 8
cash basis ...
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