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• Change in accounting estimate
  .... In some cases, those estimates turn out to be incorrect so the change in accounting estimates will be warranted. '''A change in estimate is necessary when''': * alters the subsequent accounting for future or existing assets or liabilities.
  8 KB (1,237 words) - 19:13, 17 November 2023

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• General journal entry
  ...s journal book, journal proper or book of original entry and it is part of accounting bookkeeping [[system]](Walther L.M., Skousen CJ. (2010), p. 34). ...and capital amount appearing in the balance sheet at the beginning of the accounting year
  5 KB (817 words) - 22:56, 17 November 2023
• Accounting documents
  ...rship of assets and liabilities, evidence of cash transactions, records of accounting books and all kinds of supporting documents (Center for [[Audit]] [[Quality # Quotation - is an accounting document sent to the [[customer]] by the [[company]] providing a fixed [[pr
  10 KB (1,524 words) - 17:13, 17 November 2023
• Cost of sales
  ==Deriving the cost of sales after the end of the accounting period== ...mary_r&cad=0#v=onepage&q&f=false Accounting for Government Contracts--Cost Accounting Standards]'', LexisNexis
  4 KB (715 words) - 20:15, 17 November 2023
• Opening entries
  '''Opening entries''' (''opening journal entries'') are accounting entries in two different situations: ...nancial summaries<ref>Bhattacharyya A.K. (2012), ''Essentials of Financial Accounting: Based on IFRS'', PHI Learning Pvt. Ltd.</ref>.
  9 KB (1,329 words) - 02:34, 18 November 2023
• Prior period adjustments
  ...times a [[company]] may make an error in the financial statements of one [[accounting period]] that is not detected until a later period. The error may be due to * the use of an accounting principle that is not ordinarily accepted
  8 KB (1,287 words) - 03:33, 18 November 2023
• Accounting Principles
  '''Accounting principles''' are essential rules of accounting that ought to be followed in doing account [[planning]] and financial state .... Naturally, different regulations in different communities led to various accounting principles in each community.
  10 KB (1,481 words) - 17:12, 17 November 2023
• Incurred cost
  ...r a [[resource]] is used and an expenditure is registered in the company's accounting books. To simplify this term, incurred cost occurs when a [[firm]]'s asset ...u/media/webmodules/publications/2.%20CMA-Executive.pdf Cost and Management Accounting]'', The Institute of Company Secretaries of India, p. 21</ref>.
  10 KB (1,527 words) - 23:43, 17 November 2023
• Compound journal entry
  it is an accounting entry with the following combinations<ref>Tulsian P.C. & Tulsian Bharat., 2 ...entries''': Adjusting entries are journal entries made at the end of an [[accounting period]] to correct accounts before preparing financial statements. They ar
  7 KB (1,058 words) - 19:40, 17 November 2023
• Closing the accounts
  ...s with permanent account, their balances are brought forward for every new accounting period. ...the beginning of the business. Their balances are move forward to each new accounting period.
  10 KB (1,641 words) - 19:22, 17 November 2023
• Objectivity principle
  ...ting measurements and [[accounting reports]] should use (''Introduction to accounting...'' 2005, p. 100): ...uence" that comes from adapting subjectivity''' when keeping [[company]]'s accounting records (''QuickBooks…'' 2015, p. 24-25).
  10 KB (1,424 words) - 02:29, 18 November 2023
• Accounting concepts
  ...ts using them for its own [[needs]]. The result of the adopted theoretical accounting concepts there is financial statements. "'''Accounting''' is a [[service]] activity. Its function is to provide quantitative [[inf
  11 KB (1,704 words) - 17:12, 17 November 2023
• Accounting profit
  ...allowed to be considered because it is against the accepted principles of accounting <ref> [https://european-science.com/eojnss/article/view/443/pdf Vahid, N., ==The calculation of the accounting profit==
  8 KB (1,107 words) - 17:15, 17 November 2023
• Objectivity concept
  ...ref> NCERT, (2015), p. 24 </ref>. According to the objectivity concept, an accounting transaction should be free from accountants bias. All records should be rep [[File:basic_accounting_concepts.png|400px|right|thumb|Fig.1. 13 basic accounting concepts]]
  8 KB (1,195 words) - 02:28, 18 November 2023
• Turnover
  * Hilton, R. W. (1991). ''Managerial accounting''. New York: McGraw-Hill. * Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2003). ''Managerial accounting''. New York: McGraw-Hill/Irwin.
  2 KB (392 words) - 07:12, 18 November 2023
• Straight line amortization
  ...life. It is calculated by dividing the cost of the asset by the number of accounting periods in its life. Straight line amortization is used to spread the cost * Straight line amortization is a reliable method for accounting for the cost of an asset, as it results in the same amortization amount ove
  6 KB (944 words) - 06:06, 18 November 2023
• Economic entity assumption
  ...ion''' - otherwise called an accounting entity. A term used in finance, in accounting. It is the most important principle of four basic assumptions of financial accounting <ref>Pratt J. 2011, p. 79-82, p. 96</ref>.
  9 KB (1,347 words) - 21:35, 17 November 2023
• Accounting ratios
  '''Accounting ratios''' - such ratios, which are created based on [[market]] data regardi ==Examples of Accounting ratios==
  9 KB (1,404 words) - 14:46, 17 November 2023
• Normal loss
  ==Accounting approaches for normal loss== ...ciding which of the listed approaches should be considered in a process of accounting <ref> (R.Izhar, J.Hontoir 2001) </ref>:
  6 KB (1,069 words) - 02:26, 18 November 2023
• Creative accounting
  '''Creative accounting''' is the use of the scope of freedom of persons who prepare financial stat ==Phenomenons in creative accounting==
  11 KB (1,694 words) - 20:20, 17 November 2023
• Post closing trial balance
  ...the balances of permanent accounts which are carried forward to the next [[accounting period]]. As for the aim of such trial balance, it is to demonstrate balanc ...rial balance is to examine whether the ledger at the beginning of the next accounting period is in balance. The content of the post-closing trial balance i.e. th
  11 KB (1,771 words) - 03:19, 18 November 2023