Thẻ ghi nhớ: Unit 13: Accounting & Financial Statements | Quizlet

Cost accounting

calculating all the expenses involved in producing something, including materials, labour, and all other expenses

Tax accounting

calculating how much an individual or a company will have to pay to the local and national governments (and trying to reduce this to a minimum)

Auditing

inspecting and reporting on accounts and financial records

Accounting

preparing financial statements showing income and expenditure, assets and liabilities

Managerial or management accounting

providing information that will allow a business to make decisions, plan future operations and develop business strategies

"creative accounting"

using all available accounting procedures and tricks to disguise the true financial position of a company

Bookkeeping

writing down the details of transactions (debits and credits)

Cash flow statement

a statement giving details of money coming into and leaving the business, divided into day-to-day operations, investing and financing

Income statement (or Statement of income, Profit and loss statement, or Profit and loss account)

a statement showing the difference between the revenues and expenses of a period

Balance sheet (or Statement of financial position)

a statement showing the value of a business's assets, its liabilities, and its capital or shareholders' equity (money the business has that belongs to its owners).