zuknow learn together

新しい教材を作成

Accounting Basics

カード 40枚 作成者: JS star (作成日: 2013/11/29)

  • Income Statement

解説面  クリックしてカードを裏返す

アプリをダウンロードして、このコンテンツを学習しよう! AppStore / Google Play

教材の説明:

詳細はありません

公開範囲:

公開

言語:

  • カード表 : 英語
  • カード裏 : 英語
  • このエントリーをはてなブックマークに追加
  • 1

    Income Statement

    補足(例文と訳など)

    答え

    • A financial document that shows how much money (revenues) came in and how much money (expenses) was paid out. An income statement, does not report the cash coming in—rather, its purpose is to (1) report the revenues earned by the company's efforts during the period, and (2) report the expenses incurred by the company during the same period. The purpose of the income statement is to show a company's profitability during a specific period of time. The difference (or "net") between the revenues and expenses for the company is often referred to as the bottom line and it is labeled as either Net Income of Net Loss. Also known as the Profit & Loss Statement.

    解説

  • 2

    Gross profit

    補足(例文と訳など)

    答え

    • The net sales minus the cost of goods and services sold

    解説

  • 3

    Operating income

    補足(例文と訳など)

    答え

    • Gross Profit minus operating expenses. Indicates the profit earned from the company's primary activities of buying and selling merchandise.

    解説

  • 4

    Common Stock

    補足(例文と訳など)

    答え

    • A share of ownership in a corporation, usually with voting rights. Will be increased when the corporation issues shares of stock in exchange for cash (or some other asset).

    解説

  • 5

    Accrual basis of accounting

    補足(例文と訳など)

    答え

    • Method of accounting in which income is recorded when earned and expenses are recorded when incurred. Preferred method of accounting.

    解説

  • 6

    Single step income statement

    補足(例文と訳など)

    答え

    • A form of income statement in which the total of all expenses is deducted from the total of all revenues.

    解説

  • 7

    Basic Accounting Equation

    補足(例文と訳など)

    答え

    • Assets = Liabilities + Stockholders Equity. The same concept as the balance sheet, just presented in an equation.

    解説

  • 8

    Accounts receivable

    補足(例文と訳など)

    答え

    • The total amount of money owed to a business (before cash is actually received).

    解説

  • 9

    Matching principle

    補足(例文と訳など)

    答え

    • A concept of accounting in which expenses are matched with the revenue generated during a period by those expenses.

    解説

  • 10

    Assets

    補足(例文と訳など)

    答え

    • What a company owns; anything of value owned by a business. Includes costs that are not yet expired (used up). Vehicles, Cash, Equipment, Supplies, Accounts Receivable, Prepaid Expenses (Insurance), Land, Office Equipment

    解説

  • 11

    Wages Payable

    補足(例文と訳など)

    答え

    • Wages that have been earned by the employees but are not yet paid to them. A liability.

    解説

  • 12

    Notes Payable

    補足(例文と訳など)

    答え

    • Short-term or long-term liabilities that a business promises to repay by a certain date.

    解説

  • 13

    Revenue

    補足(例文と訳など)

    答え

    • All income that a business receives over a period of time

    解説

  • 14

    Sales

    補足(例文と訳など)

    答え

    • A temporary owner's equity account used to record the earning of revenue

    解説

  • 15

    Chart of Accounts

    補足(例文と訳など)

    答え

    • A list of accounts used by a business.

    解説

  • 16

    Debit

    補足(例文と訳など)

    答え

    • An accounting entry acknowledging sums that are owing. Recorded on the left side of the account.

    解説

  • 17

    Conservatism

    補足(例文と訳など)

    答え

    • The accounting concept by which the least favorable figures are presented in the financial statements - not overstating the value of an asset, or understating the value of a liability or debt. So an accountant wouldn't increase the value of an asset because of market value, but they may decrease it.

    解説

  • 18

    Cash method basis of accounting

    補足(例文と訳など)

    答え

    • Revenues are recorded in the period in which cash is received and expenses are recorded in the period in which cash is paid. Less preferred than Accrual basis of accounting.

    解説

  • 19

    Credit

    補足(例文と訳など)

    答え

    • An accounting entry acknowledging income or capital items. Recorded on the right side of the account.

    解説

  • 20

    Balance Sheet

    補足(例文と訳など)

    答え

    • A financial statement that reports assets, liabilities, and owner's (stockholder's) equity on a specific date.

    解説

  • 21

    Multiple step income statement

    補足(例文と訳など)

    答え

    • A form of income statement that contains several sections, subsections, and subtotals

    解説

  • 22

    Accounts Payable

    補足(例文と訳など)

    答え

    • Current liabilities involving money owed to others for merchandise or services purchased on credit but not yet paid for. One of the most frequently used liability accounts.

    解説

  • 23

    Expenses

    補足(例文と訳など)

    答え

    • An expense is an outflow of money to another person or group to pay for an item or service, or for a category of costs. Expenses are costs that have expired (have been used up).

    解説

  • 24

    Double Entry

    補足(例文と訳など)

    答え

    • An accounting system that keeps track of assets and liabilities simultaneously. Just as assets are on the left side (or debit side) of the accounting equation, the asset accounts in the general ledger have their balances on the left side. To increase an asset account's balance, you put more on the left side of the asset account. In accounting jargon, you debit the asset account. To decrease an asset account balance you credit the account, that is, you enter the amount on the right side. When a company receives cash, the Cash account is debited. When the company pays cash, the Cash account is credited. (? Don't get this. Seems backward.)

    解説

  • 25

    Gross margin

    補足(例文と訳など)

    答え

    • The ratio gross profits divided by net sales

    解説

  • 26

    Revenue Recognition Principle

    補足(例文と訳など)

    答え

    • The principle prescribing that revenue is recognized when earned.

    解説

  • 27

    Stockholder's (Owner's) Equity

    補足(例文と訳など)

    答え

    • Stockholders', or owners', claims to resources, which equal the difference between total assets and total liabilities. If the company is a sole proprietorship, it is referred to as Owner's Equity. Revenues will automatically cause an increase in Stockholders' Equity and expenses will automatically cause a decrease in Stockholders' Equity. The net income on an income statement will be the same as the increase (or decrease) in the Shareholders' Equity.

    解説

  • 28

    Unearned Revenue

    補足(例文と訳など)

    答え

    • A liability created when a business collects cash from customers in advance of earning the revenue. The obligation is to provide a product or a service in the future.

    解説

  • 29

    Retained Earnings

    補足(例文と訳など)

    答え

    • The accumulated earnings from a firm's profitable operations that were reinvested in the business and not paid out to stockholders in dividends. Will increase when the corporation earns a profit. There will be a decrease when the corporation has a net loss. Earnings are moved here at the end of the fiscal year so the revenue and expense accounts will start the new year with a zero balance.

    解説

  • 30

    Useful Life

    補足(例文と訳など)

    答え

    • The period of time an asset can be productively used.

    解説

  • 31

    Net Loss

    補足(例文と訳など)

    答え

    • The difference between total revenue and total expenses when total expenses are greater

    解説

  • 32

    Carrying Amount

    補足(例文と訳など)

    答え

    • The original cost of an asset less the accumulated depreciation

    解説

  • 33

    Cost Principle

    補足(例文と訳など)

    答え

    • The principle that states that, when purchased, all assets are recorded at their actual cost regardless of market value.

    解説

  • 34

    Service Revenue

    補足(例文と訳など)

    答え

    • Ordinary revenue for a service business. Revenues accounts are credited when the company earns a fee (or sells merchandise) regardless of whether cash is received at the time.

    解説

  • 35

    Depreciation Expense

    補足(例文と訳など)

    答え

    • The portion of a plant asset's cost that is transferred to an expense account in each fiscal period during a plant asset's useful life

    解説

  • 36

    Interest Payable

    補足(例文と訳など)

    答え

    • This current liability account reports the amount of interest the company owes as of the date of the balance sheet. (Future interest is not recorded as a liability.)

    解説

  • 37

    Net Profit

    補足(例文と訳など)

    答え

    • The difference between total revenue and total expenses when total revenue is greater.

    解説

  • 38

    Fixed expenses

    補足(例文と訳など)

    答え

    • Costs you are obligated to pay at specific times, regardless of other events. These expenses will not change as sales change. (ie rent, etc).

    解説

  • 39

    Liabilities

    補足(例文と訳など)

    答え

    • What a company owes. Notes (loans) Payable, Wages Payable, Interest Payable, Accounts Payable, Unearned Revenue

    解説

  • 40

    Statement of Cash Flows

    補足(例文と訳など)

    答え

    • Financial statement for a specific period of time that reports cash receipts and disbursements related to a firm's three major activities: operations, investments, and financing.

    解説

57036

セットの学習コンテンツ

公開初月で
60,000
ダウン
ロード!

無料アプリはこちら!

英単語をウェブサイト
からzuknowに簡単登録

覚えたい単語を選択するだけ!
簡単にzuknowに登録することが
できます

Get the free Chrome Extension

トップ