Accounting Terminology
Listed Below Are 8 Accounting Terms

question 28

Essay

Accounting Terminology
Listed below are 8 accounting terms.
Each of the following statements may (or may not) describe one of these terms. In the space provided, indicate the accounting term described or answer "None" if the statement does not accurately describe any of the terms.
(A.) Information describing the financial resources, obligations, and activities of an economic entity.
(B.) An entity's financial resources and obligations at a point in time.
(C.) Accounting information intended specifically to assist company's management.
(D.) The personnel, procedures, and technology used by an organization to develop accounting information and to communicate this information to decision makers.
(E.) An entity's financial activities during the year.
(F.) Measures used by an organization to guard against errors, waste, and fraud and to assure the reliability of accounting information.
(G.) A plan of financial operations for some future period.
(H.) A written assertion identifying, measuring, and communicating financial information about an economic entity.
$\begin{array}{ll}\text { Management Accounting } & \text { Accounting System } \\\text { Financial Accounting } & \text { Internal Controls } \\\text { Financial Position } & \text { Financial Statements } \\\text { Results of Operations } & \text { Financial Reporting }\end{array}$

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Definitions:

Common Cause

A principle or factor that is shared by all members of a group, leading to a particular effect or outcome.

Dangerous Game

Activities or situations that involve a high risk of harm or injury, often undertaken for thrill or challenge.

Death Darer

An individual who acts in ways that significantly increases the risk of death, often driven by underlying psychological issues.

Deaths Occur

The event of a living organism ceasing to live.