HSM definations - HSM/260 Financial Management for Human...

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HSM/260 Financial Management for Human Services Managers Defining basic accounting terms Gail Jones GAAP: A common set of accounting principles, standards and procedures that companies use to complete their financial statements. http://www.investopedia.com/terms/g/gaap.asp#axzz1Q9rlu6Eu Basic accounting formula: A journal of accounting entries such as managerial accounting, cost accounting basics, basic accounting equation, accounting basics, basic of accounting financial accounting and basic accounting principles. http://artbistro.monster.com/member/AccountingBasic Transaction t-account: A debit and credit template that is shape like a T. The debit is placed on the left and credits placed on the right. http://blog.reallifeaccounting.com/2005/12/07/t-accounts- a-great-tool-for-solving-accounting-transactions General ledger: Contains all the company accounting records and financial records. http://www.investopedia.com/terms/g/generalledger.asp#axzz1Q9rlu6Eu
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HSM definations - HSM/260 Financial Management for Human...

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