Terminology Matching Continued FASB Comparability Verifiable Consistency Free Cash Flow Chart of Accounts Double-Entry System Posting General Ledger Journal An accounting record in which transactions are initially recorded in chronological order Organization that uses the same accounting principles and methods from year to year Contains all assets, liabilities, stockholder's equity, revenue, and expense accounts Independent observers, using the same methods, obtain similar results Primary accounting standard-setting body for the U.S. A system that records the 2-sided effect of each transaction in appropriate accounts The procedure of transfening journal entry amounts to the ledger accounts A list of names of an organization's accounts Results when different organizations use the same accounting principles Net cash provided by operating activities after adjusting for capital expenditures and cash dividends paid