Accounting Flashcards
1
Q
Bookkeeping
A
Writing down the details of transactions (debits and credits)
Arvepidamine
2
Q
Accounting
A
Keeping financial records, recording income and expenditure, valuing assets, liabilities
3
Q
Managerial accounting
A
Juhtimisarvestus
Preparing budgets and other financial reporys for management
4
Q
Cost accounting
A
Kuluarvestus, unit costs
5
Q
Auditing
A
Inspection and evuation of accounts by a second set of accountants
6
Q
Creative accounting
A
Loominguline raamatupidamine
Window dressing
Using all available accounting procedures to disguise the true financial position