opposed to using monetary accounting) and used to balance the supply of available inputs with targeted outputs. Material balancing involves taking a survey...

In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, “balance” is the difference between the sum...

Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...

Trial balance Resources in your library Michael Chatfield; Richard Vangermeersch (5 February 2014). The History of Accounting (RLE Accounting): An International...

other accounting purposes. The following equation is useful when determining inventory costing methods:[citation needed] Beginning Inventory Balance + Purchased...

services. The balance of payments consists of two primary components: the current account, and the capital account. The current account reflects a country's...

In accounting, the normal balance of an account is the preferred type of net balance that it should have. Any particular account contains debit and credit...

In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial...

The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone...

In accounting, "off-balance-sheet" (OBS), or incognito leverage, usually describes an asset, debt, or financing activity not on the company's balance sheet...

business entity may initiate or complete over an accounting period. Accounting Comparison of accounting software POS system: records sales and updates stock...

In the traditional accounting of balance of payments, the current account equals the change in net foreign assets. A current account deficit implies a...

ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by account type. In computerized accounting systems...

consumption accounting Standard cost accounting Target costing Throughput accounting True cost accounting Life-cycle costing Basic cost elements are: Material Labour...

In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general...

"Accounting Abbreviations – Helping You Understand Accounting Jargon". Loughborough. Retrieved 18 August 2011. "Normal balances in the accounting double...

double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires...

entity's balance sheet is matched to an appropriate expense account on the entity's income statement. In U.S. Generally Accepted Accounting Principles...

mass balance, also called a material balance, is an application of conservation of mass to the analysis of physical systems. By accounting for material entering...

asset in the balance sheet and as an expense in the income statement. Under International Financial Reporting Standards, guidance on accounting for the amortization...

several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an...

Revenue recognition Matching principle Accrual basis accounting Deferrals in accounting Accrual accounting in the public sector NetSuite.com (2023-06-16)....

In financial accounting, reserve always has a credit balance and can refer to a part of shareholders' equity, a liability for estimated claims, or contra-asset...

Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy...

within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the...

Material flow accounting (MFA) is the study of material flows on a national or regional scale. It is therefore sometimes also referred to as regional...

Generally Accepted Accounting Principles (GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities...

the choice between two accounting methods to record a business combination: purchase accounting or pooling-of-interests accounting. Pooling-of-interests...

A balance transfer is the transfer of (part of) the balance (either of money or credit) in an account to another account, often held at another institution...

Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals...