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Intro to Accounting

Horizontales
summary of the revenue and expenses for a specific period of time
Sarbanes Oxley Act
Assets = liabilities + owners equity
The difference between revenue and expenses
Certified Public Accountant
Resources owned by a business
Assets used up or services consumed in the process of generating revenues
Verticales
summary of the cash receipts and cash payments for a specific period of time
Increase from sales or services
list of the assets, liabilities, and owner's equity as of a specific date
Generally Accepted Accounting Principles
The rights of creditors that represent debts of the business.
Financial Accounting Standards Board
Moral principles used to guide the behavior of an individual
Securities Exchange Commission