Accounting

Accounting crossword puzzle printable. Download, print and start playing. You can add your own words to customize or start creating from scratch.

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Accounting: A system for recognizing, organizing, analyzing, and reporting information about the financial transactions that affect an organization.
Horizontal Analysis: Analysis of financial statements that compares account values reported on these statements over two or more years to identify changes and trends.
Implicit Cost: The opportunity cost that arises when a firm uses owner-supplied resources.
Variable Costs: Costs that vary directly with the level of production.
Out Of Pocket Cost: A cost that involves the payment of money or other resources.
Revenue: Increases in a firm’s assets that result from the sale of goods, provision of services, or other activities intended to earn income.
Net Income: The difference between the revenue a firm earns and the expenses it incurs in a given time period.
Budgeting: A management tool that explicitly shows how a firm will acquire and use the resources needed to achieve its goals over a specific time period.
Accounting Equation: Assets = Liabilities + Owners' Equity
Balance Sheet: A financial statement that reports the financial position of a firm by identifying and reporting the value of the firm’s assets, liabilities, and owners’ equity.

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