opposed to using monetary accounting) and used to balance the supply of available inputs with targeted outputs. Material balancing involves taking a survey...
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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...
4 KB (543 words) - 20:21, 18 September 2024
Trial balance Resources in your library Michael Chatfield; Richard Vangermeersch (5 February 2014). The History of Accounting (RLE Accounting): An International...
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Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...
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other accounting purposes. The following equation is useful when determining inventory costing methods:[citation needed] Beginning Inventory Balance + Purchased...
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services. The balance of payments consists of two primary components: the current account, and the capital account. The current account reflects a country's...
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In accounting, "off-balance-sheet" (OBS), or incognito leverage, usually describes an asset, debt, or financing activity not on the company's balance sheet...
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The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone...
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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...
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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...
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In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial...
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Bookkeeping (redirect from Accounting technician)
business entity may initiate or complete over an accounting period. Accounting Comparison of accounting software POS system: records sales and updates stock...
16 KB (2,148 words) - 20:41, 12 September 2024
In the traditional accounting of balance of payments, the current account equals the change in net foreign assets. A current account deficit implies a...
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Debits and credits (redirect from Credit (accounting))
"Accounting Abbreviations – Helping You Understand Accounting Jargon". Loughborough. Retrieved 18 August 2011. "Normal balances in the accounting double...
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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...
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consumption accounting Standard cost accounting Target costing Throughput accounting True cost accounting Life-cycle costing Basic cost elements are: Material Labour...
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Double-entry bookkeeping (redirect from Double-entry accounting)
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...
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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...
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entity's balance sheet is matched to an appropriate expense account on the entity's income statement. In U.S. Generally Accepted Accounting Principles...
6 KB (729 words) - 18:22, 19 April 2024
several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an...
53 KB (4,912 words) - 01:48, 17 September 2024
Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, or discrepancy...
18 KB (2,250 words) - 21:35, 8 August 2024
Accrual (redirect from Accrual basis accounting)
Revenue recognition Matching principle Accrual basis accounting Deferrals in accounting Accrual accounting in the public sector NetSuite.com (2023-06-16)....
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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...
9 KB (1,242 words) - 07:33, 14 June 2024
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...
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asset in the balance sheet and as an expense in the income statement. Under International Financial Reporting Standards, guidance on accounting for the amortization...
3 KB (306 words) - 18:07, 15 August 2024
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...
9 KB (1,125 words) - 15:15, 14 January 2024
the choice between two accounting methods to record a business combination: purchase accounting or pooling-of-interests accounting. Pooling-of-interests...
12 KB (1,415 words) - 10:37, 24 March 2024
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...
20 KB (2,459 words) - 16:31, 15 September 2024
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...
2 KB (248 words) - 18:36, 13 May 2024
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals...
41 KB (4,644 words) - 16:45, 8 September 2024