Glossary of Terms for Accounting and Management Technology
Gossary of Terms for Accounting and Management Technology This glossary will help to explain in a simple way some of the most used accounting terms. The main objective of this glossary is to be able to share a little of my knowledge about my study program. Financial statements Noun Financial statements are formal records of the financial activities and position of a business, person, or other entity. The purpose of financial statements is to provide information about the financial position, performance, and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Example: The accountant must present the financial statements of the company at the end of each month. Your browser does not support the audio element. Receipt Noun A written or printed statement acknowledging that something has been paid for or that go...