169 Extremely Powerful Financial Accounting Questions You Do Not Know

What is involved in Financial Accounting

Find out what the related areas are that Financial Accounting connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. This unique checklist stands out in a sense that it is not per-se designed to give answers, but to engage the reader and lay out a Financial Accounting thinking-frame.

How far is your company on its Financial Accounting journey?

Take this short survey to gauge your organization’s progress toward Financial Accounting leadership. Learn your strongest and weakest areas, and what you can do now to create a strategy that delivers results.

To address the criteria in this checklist for your organization, extensive selected resources are provided for sources of further research and information.

Start the Checklist

Below you will find a quick checklist designed to help you think about which Financial Accounting related domains to cover and 169 essential critical questions to check off in that domain.

The following domains are covered:

Financial Accounting, Cost of goods sold, Common stock, T accounts, Financial statement, Notes to the financial statements, Historical cost, Tax accounting in the United States, Revenue recognition, Management discussion and analysis, Constant purchasing power accounting, Internal audit, Double-entry accounting system, Operating expenses, Constant item purchasing power accounting, Philosophy of accounting, Going concern, Chartered Accountant, International Financial Reporting Standards, Economic entity, Balance sheet, Financial audit, Generally accepted auditing standards, Fiscal year, Generally Accepted Accounting Practice, Statement of changes in equity, Chartered Certified Accountant, Matching principle, Owner’s equity, Accounting networks and associations, Fund accounting, Financial statements, Accounting period, Sarbanes–Oxley Act, Bank reconciliation, Association of Chartered Certified Accountants, Retained earnings, Positive accounting, Business owner, Accounting equation, Capital expenditure, Accounting standards, Marketable securities, Historical cost accounting, Financial Accounting, Double-entry bookkeeping system, Management accounting, Cost accounting, Generally Accepted Accounting Principles, Debits and credits, Certified Public Accountant, Trial balance, International Standards on Auditing, Income statement, Gross profit, Fixed asset, Auditor’s report, Unit of account, Prepaid expense, Intangible asset:

Financial Accounting Critical Criteria:

Match Financial Accounting goals and optimize Financial Accounting leadership as a key to advancement.

– Which customers cant participate in our Financial Accounting domain because they lack skills, wealth, or convenient access to existing solutions?

– Which individuals, teams or departments will be involved in Financial Accounting?

– What is our Financial Accounting Strategy?

Cost of goods sold Critical Criteria:

Deliberate over Cost of goods sold adoptions and look at the big picture.

– How do senior leaders actions reflect a commitment to the organizations Financial Accounting values?

– What are the top 3 things at the forefront of our Financial Accounting agendas for the next 3 years?

Common stock Critical Criteria:

Investigate Common stock leadership and stake your claim.

– Do several people in different organizational units assist with the Financial Accounting process?

– In a project to restructure Financial Accounting outcomes, which stakeholders would you involve?

T accounts Critical Criteria:

Confer re T accounts governance and look for lots of ideas.

– Are vendor default accounts and passwords disabled or changed on production systems before putting a system into production?

– What are your most important goals for the strategic Financial Accounting objectives?

– How does the organization define, manage, and improve its Financial Accounting processes?

– Does the Financial Accounting task fit the clients priorities?

– Who has what accounts?

Financial statement Critical Criteria:

Drive Financial statement decisions and reinforce and communicate particularly sensitive Financial statement decisions.

– What is our formula for success in Financial Accounting ?

– How do we keep improving Financial Accounting?

– How Are Financial Statements Used?

Notes to the financial statements Critical Criteria:

Troubleshoot Notes to the financial statements adoptions and plan concise Notes to the financial statements education.

– What management system can we use to leverage the Financial Accounting experience, ideas, and concerns of the people closest to the work to be done?

– What are the business goals Financial Accounting is aiming to achieve?

– How can the value of Financial Accounting be defined?

Historical cost Critical Criteria:

Mix Historical cost governance and balance specific methods for improving Historical cost results.

– What is the purpose of Financial Accounting in relation to the mission?

– What are current Financial Accounting Paradigms?

Tax accounting in the United States Critical Criteria:

Deliberate Tax accounting in the United States outcomes and report on the economics of relationships managing Tax accounting in the United States and constraints.

– Who will be responsible for documenting the Financial Accounting requirements in detail?

Revenue recognition Critical Criteria:

Cut a stake in Revenue recognition projects and perfect Revenue recognition conflict management.

– When a Financial Accounting manager recognizes a problem, what options are available?

– Are assumptions made in Financial Accounting stated explicitly?

– Is revenue recognition aggressive or conservative?

– Is the scope of Financial Accounting defined?

Management discussion and analysis Critical Criteria:

Model after Management discussion and analysis tasks and find the ideas you already have.

– What will be the consequences to the business (financial, reputation etc) if Financial Accounting does not go ahead or fails to deliver the objectives?

– Are there recognized Financial Accounting problems?

Constant purchasing power accounting Critical Criteria:

Rank Constant purchasing power accounting issues and oversee Constant purchasing power accounting requirements.

– Does Financial Accounting analysis isolate the fundamental causes of problems?

Internal audit Critical Criteria:

Weigh in on Internal audit tactics and devise Internal audit key steps.

– How do we engage divisions, operating units, operations, internal audit, risk management, compliance, finance, technology, and human resources in adopting the updated framework?

– Have we established unit(s) whose primary responsibility is internal audit, Quality Assurance, internal control or quality control?

– Does our organization need more Financial Accounting education?

– How is the value delivered by Financial Accounting being measured?

– When was your last SWOT analysis for Internal Audit?

Double-entry accounting system Critical Criteria:

Categorize Double-entry accounting system issues and test out new things.

– What are your current levels and trends in key measures or indicators of Financial Accounting product and process performance that are important to and directly serve your customers? how do these results compare with the performance of your competitors and other organizations with similar offerings?

– Do you monitor the effectiveness of your Financial Accounting activities?

Operating expenses Critical Criteria:

Contribute to Operating expenses projects and sort Operating expenses activities.

– Do those selected for the Financial Accounting team have a good general understanding of what Financial Accounting is all about?

– How do we manage Financial Accounting Knowledge Management (KM)?

– What are the usability implications of Financial Accounting actions?

Constant item purchasing power accounting Critical Criteria:

Investigate Constant item purchasing power accounting tasks and modify and define the unique characteristics of interactive Constant item purchasing power accounting projects.

– Are there any disadvantages to implementing Financial Accounting? There might be some that are less obvious?

– Why is it important to have senior management support for a Financial Accounting project?

– What are internal and external Financial Accounting relations?

Philosophy of accounting Critical Criteria:

Consult on Philosophy of accounting failures and find answers.

– What are our best practices for minimizing Financial Accounting project risk, while demonstrating incremental value and quick wins throughout the Financial Accounting project lifecycle?

– Can we do Financial Accounting without complex (expensive) analysis?

Going concern Critical Criteria:

Pilot Going concern outcomes and forecast involvement of future Going concern projects in development.

– Who is the main stakeholder, with ultimate responsibility for driving Financial Accounting forward?

– Is the Financial Accounting organization completing tasks effectively and efficiently?

Chartered Accountant Critical Criteria:

Bootstrap Chartered Accountant engagements and find the essential reading for Chartered Accountant researchers.

– How do you incorporate cycle time, productivity, cost control, and other efficiency and effectiveness factors into these Financial Accounting processes?

– How do we Identify specific Financial Accounting investment and emerging trends?

– What are the barriers to increased Financial Accounting production?

International Financial Reporting Standards Critical Criteria:

Sort International Financial Reporting Standards results and attract International Financial Reporting Standards skills.

– A compounding model resolution with available relevant data can often provide insight towards a solution methodology; which Financial Accounting models, tools and techniques are necessary?

Economic entity Critical Criteria:

Study Economic entity results and spearhead techniques for implementing Economic entity.

– How can you negotiate Financial Accounting successfully with a stubborn boss, an irate client, or a deceitful coworker?

– Who is responsible for ensuring appropriate resources (time, people and money) are allocated to Financial Accounting?

Balance sheet Critical Criteria:

Discourse Balance sheet quality and be persistent.

– Which accounts normally have a debit balance and which normally have a credit balance?

– How well are the companys assets being employed to generate sales revenue?

– What are the cash flows from investing and financing activities?

– Have all costs to generate current expenses been recognized?

– What percentage of the firms capital structure is debt?

– Were some investments sold that brought in cash?

– Are mark-to-market prices from liquid markets?

– What is the amount of your borrowing capacity?

– What are the accounting principles employed?

– What is the firms sustainable growth rate?

– Are overbillings recognized by contractor?

– Is too much cash tied up in inventories?

– What do profitability ratios measure?

– What constitutes a satisfactory ROA?

– Is the balance of retained profits?

– What are expenses for the year?

– How is equity calculated?

Financial audit Critical Criteria:

Have a session on Financial audit adoptions and probe Financial audit strategic alliances.

– What are your key performance measures or indicators and in-process measures for the control and improvement of your Financial Accounting processes?

– What are the short and long-term Financial Accounting goals?

Generally accepted auditing standards Critical Criteria:

Weigh in on Generally accepted auditing standards results and raise human resource and employment practices for Generally accepted auditing standards.

– Have you identified your Financial Accounting key performance indicators?

Fiscal year Critical Criteria:

Concentrate on Fiscal year visions and suggest using storytelling to create more compelling Fiscal year projects.

– What role does communication play in the success or failure of a Financial Accounting project?

– Is Financial Accounting Realistic, or are you setting yourself up for failure?

– Has the investment re-baselined during the past fiscal year?

Generally Accepted Accounting Practice Critical Criteria:

Reorganize Generally Accepted Accounting Practice engagements and oversee Generally Accepted Accounting Practice management by competencies.

– Is maximizing Financial Accounting protection the same as minimizing Financial Accounting loss?

– How likely is the current Financial Accounting plan to come in on schedule or on budget?

– What are specific Financial Accounting Rules to follow?

Statement of changes in equity Critical Criteria:

Probe Statement of changes in equity failures and observe effective Statement of changes in equity.

– Where do ideas that reach policy makers and planners as proposals for Financial Accounting strengthening and reform actually originate?

Chartered Certified Accountant Critical Criteria:

Chat re Chartered Certified Accountant tactics and change contexts.

– What potential environmental factors impact the Financial Accounting effort?

Matching principle Critical Criteria:

Design Matching principle projects and innovate what needs to be done with Matching principle.

– How do your measurements capture actionable Financial Accounting information for use in exceeding your customers expectations and securing your customers engagement?

– What are the key elements of your Financial Accounting performance improvement system, including your evaluation, organizational learning, and innovation processes?

Owner’s equity Critical Criteria:

Read up on Owner’s equity goals and look in other fields.

– What new services of functionality will be implemented next with Financial Accounting ?

– What are the Essentials of Internal Financial Accounting Management?

Accounting networks and associations Critical Criteria:

Adapt Accounting networks and associations tasks and track iterative Accounting networks and associations results.

– At what point will vulnerability assessments be performed once Financial Accounting is put into production (e.g., ongoing Risk Management after implementation)?

– Is a Financial Accounting Team Work effort in place?

Fund accounting Critical Criteria:

Disseminate Fund accounting issues and drive action.

– To what extent does management recognize Financial Accounting as a tool to increase the results?

– Which Financial Accounting goals are the most important?

Financial statements Critical Criteria:

Accommodate Financial statements projects and transcribe Financial statements as tomorrows backbone for success.

– Does Financial Accounting analysis show the relationships among important Financial Accounting factors?

Accounting period Critical Criteria:

Accumulate Accounting period visions and devise Accounting period key steps.

– What other jobs or tasks affect the performance of the steps in the Financial Accounting process?

– What is the source of the strategies for Financial Accounting strengthening and reform?

– What is going to be the accounting period?

Sarbanes–Oxley Act Critical Criteria:

Grade Sarbanes–Oxley Act management and do something to it.

– Will Financial Accounting have an impact on current business continuity, disaster recovery processes and/or infrastructure?

– What are the record-keeping requirements of Financial Accounting activities?

– Are there Financial Accounting Models?

Bank reconciliation Critical Criteria:

Scan Bank reconciliation failures and budget for Bank reconciliation challenges.

– How do mission and objectives affect the Financial Accounting processes of our organization?

– What about Financial Accounting Analysis of results?

Association of Chartered Certified Accountants Critical Criteria:

Examine Association of Chartered Certified Accountants leadership and probe using an integrated framework to make sure Association of Chartered Certified Accountants is getting what it needs.

– Among the Financial Accounting product and service cost to be estimated, which is considered hardest to estimate?

– Do the Financial Accounting decisions we make today help people and the planet tomorrow?

Retained earnings Critical Criteria:

Mine Retained earnings governance and pioneer acquisition of Retained earnings systems.

– What is the definition of retained earnings?

Positive accounting Critical Criteria:

Tête-à-tête about Positive accounting goals and raise human resource and employment practices for Positive accounting.

– Think about the functions involved in your Financial Accounting project. what processes flow from these functions?

– How would one define Financial Accounting leadership?

Business owner Critical Criteria:

Have a session on Business owner planning and devise Business owner key steps.

– To what extent are business owners involved in the bc management lifecycle?

Accounting equation Critical Criteria:

Own Accounting equation strategies and observe effective Accounting equation.

– What prevents me from making the changes I know will make me a more effective Financial Accounting leader?

– Have all basic functions of Financial Accounting been defined?

Capital expenditure Critical Criteria:

Explore Capital expenditure strategies and sort Capital expenditure activities.

– How will we insure seamless interoperability of Financial Accounting moving forward?

– What business benefits will Financial Accounting goals deliver if achieved?

Accounting standards Critical Criteria:

Have a round table over Accounting standards planning and display thorough understanding of the Accounting standards process.

– What are our needs in relation to Financial Accounting skills, labor, equipment, and markets?

– What sources do you use to gather information for a Financial Accounting study?

Marketable securities Critical Criteria:

Be clear about Marketable securities visions and develop and take control of the Marketable securities initiative.

– For your Financial Accounting project, identify and describe the business environment. is there more than one layer to the business environment?

– Who will be responsible for making the decisions to include or exclude requested changes once Financial Accounting is underway?

Historical cost accounting Critical Criteria:

Deliberate Historical cost accounting management and attract Historical cost accounting skills.

– Does Financial Accounting create potential expectations in other areas that need to be recognized and considered?

– How do we measure improved Financial Accounting service perception, and satisfaction?

Financial Accounting Critical Criteria:

Meet over Financial Accounting decisions and report on setting up Financial Accounting without losing ground.

Double-entry bookkeeping system Critical Criteria:

Chart Double-entry bookkeeping system planning and point out Double-entry bookkeeping system tensions in leadership.

– Do we cover the five essential competencies-Communication, Collaboration,Innovation, Adaptability, and Leadership that improve an organizations ability to leverage the new Financial Accounting in a volatile global economy?

– How to Secure Financial Accounting?

Management accounting Critical Criteria:

Collaborate on Management accounting engagements and adjust implementation of Management accounting.

– Do Financial Accounting rules make a reasonable demand on a users capabilities?

Cost accounting Critical Criteria:

Reconstruct Cost accounting projects and simulate teachings and consultations on quality process improvement of Cost accounting.

– Marketing budgets are tighter, consumers are more skeptical, and social media has changed forever the way we talk about Financial Accounting. How do we gain traction?

– Who will provide the final approval of Financial Accounting deliverables?

– Is cost accounting the answer?

Generally Accepted Accounting Principles Critical Criteria:

Have a meeting on Generally Accepted Accounting Principles results and simulate teachings and consultations on quality process improvement of Generally Accepted Accounting Principles.

– Is Financial Accounting dependent on the successful delivery of a current project?

– Why is Financial Accounting important for you now?

Debits and credits Critical Criteria:

Reconstruct Debits and credits quality and integrate design thinking in Debits and credits innovation.

– Do all accounting systems require using debits and credits?

Certified Public Accountant Critical Criteria:

Adapt Certified Public Accountant results and check on ways to get started with Certified Public Accountant.

– Think of your Financial Accounting project. what are the main functions?

Trial balance Critical Criteria:

Think carefully about Trial balance goals and probe the present value of growth of Trial balance.

– Can we add value to the current Financial Accounting decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?

– How important is Financial Accounting to the user organizations mission?

International Standards on Auditing Critical Criteria:

Study International Standards on Auditing engagements and report on setting up International Standards on Auditing without losing ground.

– Think about the people you identified for your Financial Accounting project and the project responsibilities you would assign to them. what kind of training do you think they would need to perform these responsibilities effectively?

– Have the types of risks that may impact Financial Accounting been identified and analyzed?

Income statement Critical Criteria:

Troubleshoot Income statement management and raise human resource and employment practices for Income statement.

– What is the formula for the debt to equity ratio, and what does it measure?

– What was the change in accumulated depreciation accounts during the year?

– Do you currently factor receivables or use them as collateral for loans?

– What is the difference between Basic EPS and diluted EPS?

– Was cash used to buy stocks, bonds or other investments?

– How would you describe a poor, or negative, cash flow?

– How much money came into the firm from issuing stock?

– How well has management employed company assets?

– How much will retained profits increase by?

– Are receivables coming in too slowly?

– Is there a pattern of profit fade?

– What do liquidity ratios measure?

– What do leverage ratios measure?

– Have impairments been made?

– Are accruals unbiased?

Gross profit Critical Criteria:

Sort Gross profit tactics and question.

– Will Financial Accounting deliverables need to be tested and, if so, by whom?

– Is gross profit holding?

Fixed asset Critical Criteria:

Think about Fixed asset strategies and attract Fixed asset skills.

– Record-keeping requirements flow from the records needed as inputs, outputs, controls and for transformation of a Financial Accounting process. ask yourself: are the records needed as inputs to the Financial Accounting process available?

– What is the amount of fixed assets?

Auditor’s report Critical Criteria:

Weigh in on Auditor’s report quality and be persistent.

– How do we know that any Financial Accounting analysis is complete and comprehensive?

– How much does Financial Accounting help?

Unit of account Critical Criteria:

Illustrate Unit of account issues and reduce Unit of account costs.

– How do we go about Comparing Financial Accounting approaches/solutions?

– How can we improve Financial Accounting?

Prepaid expense Critical Criteria:

Frame Prepaid expense leadership and clarify ways to gain access to competitive Prepaid expense services.

– Who sets the Financial Accounting standards?

Intangible asset Critical Criteria:

Check Intangible asset goals and oversee implementation of Intangible asset.

– What tools and technologies are needed for a custom Financial Accounting project?


This quick readiness checklist is a selected resource to help you move forward. Learn more about how to achieve comprehensive insights with the Financial Accounting Self Assessment:


Author: Gerard Blokdijk

CEO at The Art of Service | http://theartofservice.com



Gerard is the CEO at The Art of Service. He has been providing information technology insights, talks, tools and products to organizations in a wide range of industries for over 25 years. Gerard is a widely recognized and respected information expert. Gerard founded The Art of Service consulting business in 2000. Gerard has authored numerous published books to date.

External links:

To address the criteria in this checklist, these selected resources are provided for sources of further research and information:

Financial Accounting External links:

Financial accounting is a specialized form of accounting that keeps track of transactions.
http://Reference: www.accountingcoach.com/financial-accounting/explanation

Financial Accounting quiz’s Flashcards | Quizlet

Financial Accounting | Division of Information Technology

Cost of goods sold External links:

What is Cost of Goods Sold? – Paychex

Cost Of Goods Sold – COGS

[PDF]Form 1125-A Cost of Goods Sold – Internal Revenue Service

Common stock External links:

Common Stock – Investopedia

TSP: C Fund: Common Stock Index Investment Fund

Common Stock and Stockholders’ Equity | AccountingCoach

T accounts External links:

T Accounts

Manage My AT&T Accounts – myAT&T Registration

T accounts Flashcards | Quizlet

Financial statement External links:

[XLS]Personal Financial Statement – TN

Accounting Reports & Financial Statement Templates

[PDF]WG-007 Financial Statement [same as EJ-165]

Notes to the financial statements External links:

Notes To The Financial Statements – Investopedia

Historical cost External links:

Historical cost — AccountingTools

[PDF]Historical Cost Indexes

Historical Cost – investopedia.com

Revenue recognition External links:

Revenue Recognition – AbeBooks

Revenue Recognition Standard, ASC 606 – PwC

Revenue Recognition Impact on Insurance Industry

Management discussion and analysis External links:

SSM HEALTH (SSMH) Management Discussion and Analysis (MD&A) concerning the Consolidated Financial Statements for the Nine months ended September 30, 2017
http://Management discussion and analysis. (eJournal / …

[DOC]Sample Management Discussion and Analysis (MD&A)

Management Discussion and Analysis – MD&A – Investopedia

Constant purchasing power accounting External links:

[PDF]Constant Purchasing Power Accounting 11-Application

Constant purchasing power accounting | CourseNotes

Constant Purchasing Power Accounting – liquisearch.com

Internal audit External links:

Institute of Internal Auditors – Official Site

Global Institute of Internal Auditors

Chartered Institute of Internal Auditors | iia.org.uk

Double-entry accounting system External links:

Double-entry Accounting System: Online Accounting …

Operating expenses External links:

What are operating expenses? | AccountingCoach

Increased Operating Expenses | FEMA.gov

Total Annual Fund Operating Expenses – Investopedia

Philosophy of accounting External links:

Our Philosophy of Accounting | Erwin, Fountain, & Jackson P.A.

Philosophy of accounting – Revolvy
https://www.revolvy.com/topic/Philosophy of accounting

[PDF]The Philosophy of Accounting – North Seattle College

Going concern External links:

“Archer” A Going Concern (TV Episode 2011) – IMDb

[PDF]Going Concern Questionnaire – Texas Department of …

A going concern (Book, 1993) [WorldCat.org]

Chartered Accountant External links:

Who is the highest paid Chartered Accountant? – Quora

Madan Chartered Accountant – Home | Facebook

International Financial Reporting Standards External links:

[PDF]International Financial Reporting Standards (IFRS)

Economic entity External links:

What is Economic Entity Assumption? definition and meaning

Balance sheet External links:

Balance Sheet – Owner’s Equity | AccountingCoach

Sample Balance Sheet | AccountingCoach

Preparing a Balance Sheet – Small Business Resources | TD …

Financial audit External links:

U.S. GAO – Financial Audit Manual

Generally accepted auditing standards External links:

Generally Accepted Auditing Standards – GAAS

Generally Accepted Auditing Standards Quiz – By …

AU 150 Generally Accepted Auditing Standards – PCAOB

Fiscal year External links:


Generally Accepted Accounting Practice External links:

Generally accepted accounting practice is a statutory term in the UK Taxes Acts. The abbreviation “UK GAAP” is also accepted as an abbreviation for the term used in other jurisdictions, Generally Accepted Accounting Principles, or Generally Accepted Accounting Policies.
http://Reference: en.wikipedia.org/wiki/Generally_Accepted_Accounting_Practice_(…

Statement of changes in equity External links:

Statement of Changes in Equity – Accountants Community

Statement of Changes in Equity : OpenReference

Chartered Certified Accountant External links:

WCP Accountancy | Chartered Certified Accountants based …

1-2-1 Accountants Chartered Certified Accountants

Matching principle External links:

matching principle definition and meaning | AccountingCoach

Matching Principle Flashcards | Quizlet

Owner’s equity External links:

Owner’s Equity vs. Retained Earnings – The Balance

Balance Sheet – Owner’s Equity | AccountingCoach

What is Owner’s Equity? definition and meaning

Accounting networks and associations External links:

Accounting Networks And Associations – Accountancy …

Accounting networks and associations – Revolvy
https://update.revolvy.com/topic/Accounting networks and associations

Fund accounting External links:

Why Do Nonprofits Need Fund Accounting?

Financial statements External links:

[PDF]Annual and Quarterly Financial Statements (AQFS) – …

financial statements definition | Dictionary | …

Accounting Basics: Financial Statements – Investopedia

Accounting period External links:

Accounting Period, Reporting Period: Defined and Explained

What is an accounting period? | AccountingCoach

Change in Accounting Period – IRS Tax Map

Bank reconciliation External links:

Bank Reconciliation Flashcards | Quizlet

What Is a Bank Reconciliation? – Paychex

Bank Reconciliation Quiz and Test | AccountingCoach

Retained earnings External links:

Paid-in Capital and Retained Earnings | AccountingCoach

Owner’s Equity vs. Retained Earnings – The Balance

Retained Earnings – Investopedia

Positive accounting External links:

Positive Accounting Solutions, LLC, Home.

Positive Accounting – Positive Accounting Ltd


Accounting equation External links:

Accounting Equation | Explanation | AccountingCoach

ACCOUNTING EQUATION Flashcards | Quizlet

Accounting Equation – Expense and Revenue | …

Capital expenditure External links:

Capital Expenditure Policy | Expense | Chief Financial Officer

[PDF]Capital Expenditure Policy – University of Texas System

Accounting standards External links:

FASB Accounting Standards Codification®

[PDF]Accounting Standards and Procedures For Counties

Financial Accounting Standards Board – FASB – Investopedia

Marketable securities External links:

Marketable Securities – Careers, Finance and Investing

Historical cost accounting External links:

What is historical cost accounting? – Quora

Financial Accounting External links:

Financial Accounting quiz’s Flashcards | Quizlet

Financial Accounting | Division of Information Technology

Financial accounting is a specialized form of accounting that keeps track of transactions.
http://Reference: www.accountingcoach.com/financial-accounting/explanation

Double-entry bookkeeping system External links:

Double-Entry Bookkeeping System | QuickBooks® Canada

Management accounting External links:

Title Management Accounting – Scribd

Management accounting (Book, 2010) [WorldCat.org]

Management Accounting Careers | Accounting.com

Cost accounting External links:

Cost accounting. (Book, 1993) [WorldCat.org]

Cost accounting (Book, 1994) [WorldCat.org]

[PDF]Cost Accounting Policies and Procedures Manual
https://www.sco.ca.gov/Files-ARD-Local/CUCCAC Manual.pdf

Generally Accepted Accounting Principles External links:

Generally Accepted Accounting Principles – GAAP

80.20 – Generally Accepted Accounting Principles

Generally Accepted Accounting Principles – GAAP

Debits and credits External links:

Debits and credits — AccountingTools

How to Understand Debits and Credits: 7 Steps (with Pictures)

Debits and Credits – Accounting Play

Certified Public Accountant External links:

DSPS Certified Public Accountant Exam Information

Board of Accountancy Certified Public Accountant …

DSPS Certified Public Accountant

Trial balance External links:

Trial Balance Report by Month – QuickBooks Learn & Support

Trial Balance Process (Ch. 3) Flashcards | Quizlet

Trial Balance – Video | Investopedia

Income statement External links:

WMT Annual Income Statement – Walmart Inc. Annual …

Amazon.com, Inc. (AMZN) Income Statement – NASDAQ.com

Income Statement – Investopedia

Gross profit External links:

What is a good gross profit percentage? – Quora

What is Gross Profit on the Income Statement?

What is Gross Profit Margin? definition and meaning

Fixed asset External links:

Fixed Asset Definition – Investopedia

Accounting For Fixed Assets Under U.S. GAAP

Fixed Assets – Bloomberg BNA

Unit of account External links:

Unit of account
http://A unit of account in economics is a nominal monetary unit of measure or currency used to value/cost goods, services, assets, liabilities, income, expenses; i.e., any economic item. It is one of three well-known functions of money. It lends meaning to profits, losses, liability, or assets.

What is Unit Of Account? definition and meaning

Prepaid expense External links:

What is Prepaid Expense? definition and meaning

Adjusting Entry for Prepaid Expense – AccountingVerse

Prepaid Expenses Accounting – AccountingTools

Intangible asset External links:

Intangible Asset (IA) Specialty Program