• Thumbnail for Material balance planning
    opposed to using monetary accounting) and used to balance the supply of available inputs with targeted outputs. Material balancing involves taking a survey...
    5 KB (605 words) - 12:39, 4 March 2024
  • 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
  • Thumbnail for Trial balance
    Trial balance Resources in your library Michael Chatfield; Richard Vangermeersch (5 February 2014). The History of Accounting (RLE Accounting): An International...
    7 KB (1,027 words) - 15:45, 17 February 2024
  • Thumbnail for Financial accounting
    Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...
    22 KB (2,729 words) - 09:29, 11 September 2024
  • Thumbnail for FIFO and LIFO accounting
    other accounting purposes. The following equation is useful when determining inventory costing methods:[citation needed] Beginning Inventory Balance + Purchased...
    7 KB (798 words) - 02:56, 13 September 2024
  • Thumbnail for Balance of payments
    services. The balance of payments consists of two primary components: the current account, and the capital account. The current account reflects a country's...
    82 KB (10,030 words) - 12:03, 29 July 2024
  • Thumbnail for Off-balance-sheet
    In accounting, "off-balance-sheet" (OBS), or incognito leverage, usually describes an asset, debt, or financing activity not on the company's balance sheet...
    6 KB (769 words) - 04:50, 28 August 2023
  • The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone...
    10 KB (837 words) - 03:40, 22 July 2024
  • Thumbnail for Chart of accounts
    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...
    19 KB (2,804 words) - 09:40, 5 August 2024
  • 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...
    2 KB (259 words) - 23:11, 27 September 2023
  • Thumbnail for Balance sheet
    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial...
    21 KB (2,203 words) - 18:40, 8 August 2024
  • Thumbnail for Bookkeeping
    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...
    27 KB (3,550 words) - 00:15, 9 July 2024
  • Thumbnail for Debits and credits
    "Accounting Abbreviations – Helping You Understand Accounting Jargon". Loughborough. Retrieved 18 August 2011. "Normal balances in the accounting double...
    40 KB (5,008 words) - 09:20, 12 July 2024
  • Thumbnail for Reconciliation (accounting)
    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...
    9 KB (1,136 words) - 10:19, 24 July 2024
  • Thumbnail for Cost accounting
    consumption accounting Standard cost accounting Target costing Throughput accounting True cost accounting Life-cycle costing Basic cost elements are: Material Labour...
    26 KB (3,417 words) - 09:45, 28 July 2024
  • 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...
    24 KB (2,993 words) - 20:15, 18 August 2024
  • 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...
    22 KB (3,355 words) - 03:49, 16 June 2024
  • Thumbnail for Provision (accounting)
    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
  • Thumbnail for Accounting
    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
  • Thumbnail for Materiality (auditing)
    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
  • Thumbnail for Accrual
    Revenue recognition Matching principle Accrual basis accounting Deferrals in accounting Accrual accounting in the public sector NetSuite.com (2023-06-16)....
    6 KB (807 words) - 08:34, 10 September 2024
  • Thumbnail for Accounts receivable
    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
  • Thumbnail for Reserve (accounting)
    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...
    7 KB (838 words) - 17:21, 15 March 2024
  • Thumbnail for Amortization (accounting)
    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
  • Thumbnail for Goodwill (accounting)
    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
  • Thumbnail for Generally Accepted Accounting Principles (United States)
    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
  • Thumbnail for Fund accounting
    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