Chapter 7-1 Accounting Vocabulary

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Financial Ratio

A comparison between two components of financial information

Vertical Analysis

Reporting an amount on a financial statement as a percentage of another item on the same financial statement

Financial Accounting

The area of accounting that focuses on reporting information to external users

Managerial Accounting

The area of accounting that focuses on reporting information to internal users

Ratio Analysis

The calculation and interpretation of a financial ratio

Return On Sales (ROS)

The ratio of net income to total sales


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