Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 37

Following is a list of the key terms and concepts introduced in the chapter, along with a list of corresponding definitions. Match the appropriate letter for the key term or concept to each definition provided (items 1–10). Note that not all key terms and concepts will be used.

a. Accounting	p. Generally accepted accounting principles
b. Entity	q. Internal auditing
c. Financial accounting	r. Securities and Exchange Commission
d. Bookkeeping	s. Financial Accounting Foundation
e. Certified Public Accountant	t. Financial Accounting Standards Board
f. Managerial accounting	u. Statements of Financial Accounting Standards
g. Cost accounting	v. Cost Accounting Standards Board
h. Certified Management Accountant	w. Governmental Accounting Standards Board
i. Auditing	x. Accrual accounting
j. Public accounting	y. Integrity
k. Certified Internal Auditor	z. Objectivity
l. Generally accepted auditing standards
m. Cash flows
n. Controller
o. Independence

________ Pronouncements of the Financial Accounting Standards Board and its predecessors that constitute appropriate accounting for various business transactions (principles used for reporting financial position and results of operations to investors and creditors).

Step 1 of 4

Financial Accounting Standard Boards (FASB):

Financial Accounting Standard Boards is established by the financial accounting foundation for setting financial accounting standards. FASB established the generally accepted accounting principles which contain the accounting principles followed by the organizations. FASB governed the financial reports of the company and it is recognized by the SEC.