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...t the end of a given [[accounting period]]. Entries are made in the manual accounting [[system]] to transfer balances from temporary accounts (from the income st ...osing the books'''<ref> Maher M.W., Hermanson R., Edwards J.D. (2011), ''[[Accounting Principles]]: A Business Perspective'', CreateSpace Independent Publishing

...bridged accounts''' are simplified form of accounts that includes a full [[accounting period]] The main regulations on '''abridged accounts''' are contained in Accounting Directive - an EU directive whose main task is to regulate the disclosure a

...of conservatism is concept in accounting under '''GAAP (Generally Accepted Accounting Principles)''' that requires that when in doubt, the accountant should go f ...part of accountant in his appraisals, opinions and choice of procedure. In accounting, conservatism concerns to the early [[identification]] of unfavorable incid

'''Inventory accounting''' is part of accounting activities in a [[company]] that refer to changes in inventoried assets. Ty ...ress. Therefore, it is important to define the date on which the inventory accounting report was prepared.

...method]] and in the month when the payments are collected under the cash [[accounting method]]. ==Accrual accounting method==

...thin the current structure but also its complexity (United States. General Accounting Office, 1996) From the survey results made by General Accounting Office of the United States of America, budget accounts revealed a structur

===Controlling oriented on accounting=== ...t]] and loss account. This account is based on the legal provisions of the Accounting Act and does not answer the basic question of whether the business if profi

...ance an account''' is the net amount of assets and liabilities during an [[accounting period]], i.e. the amount of [[money]] remaining in any bank account or oth ==In accounting==

'''LIFO''' is one of the methods of accounting for inventory and its disposal. It can be used for the valuation of both go ...=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false ''Management Accounting''], Published by Tata McGraw-Hill [[Education]], p. 825</ref>.

Accounts are used in the accounting [[system]] of the [[company]] to collect the recorded data from all financi ...refore, temporary accounts are used to gather information for a particular accounting period and balances of these accounts are not included in the next fiscal p

...expense, revenue and withdrawals accounts). Therefore, they start a new [[accounting period]] with '''zero balances'''. Concerning the above stages of the [[accounting cycle]], at the end, Withdrawals account's balance is transferred to the ow

* External auditors may review the accuracy of an organization’s accounting records, such as income statements, balance sheets, and cash flow statement ...it]]}} &mdash; {{i5link|a=[[Quality of accounting]]}} &mdash; {{i5link|a=[[Accounting and auditing]]}} &mdash; {{i5link|a=[[Internal audit]]}} &mdash; {{i5link|a

'''Time period concept''' (also called the '''[[accounting period]]''' <ref> Allen J. E. (2004), p. 204 </ref>) is one of the three basic [[Accounting Principles|accounting principles]] among '''going concern''' and '''consistency and accruals'''

...statements.It also states that [[company]] can invade another rule used in accounting if the amount as per transaction is not big enough to cause an error in fin ...red as '''Material'''. Accountants are obliged to follow rules accepted in accounting unless it makes no difference if a specific rule is not followed and when p

'''Substance over form''' is an accounting principle that requires transactions to be recorded in accordance to their Substance over form should be used when accounting for any transactions that may have complex legal structures or involve mult

...w quality of earnings is related to sources such as: inflation, [[creative accounting]], etc. ...df Disclosure Quality and Earnings Management]''. "Asia-Pacific Journal of Accounting and [[Economics]]" p. 2-10

...this type of [[enterprise]], enterprises last indefinitely. In such cases, accounting and reporting must be carried out periodically<ref>Rajasekaran V, Lalitha R ...and valuation of assets''': The periodicity concept ensures that the same accounting principles and methods are used for the same type of transactions and event

In a manual accounting [[system]], the closing entries will result in the following amounts in Inc ...used to close out multiple income and expense accounts at the end of an [[accounting period]]. For example, a [[company]] may have multiple income accounts such

...ry accounting. T - account is a convention for arranging and gathering the accounting entries of transactions like cash, account receivable and [[bonds]] payable ...used less often usually to visualize operations on the account. Nowadays, accounting is more computerized, which eliminates the use of such accounts. However, t

* Examining documents such as financial statements, accounting ledgers, and internal financial reports * Investigating the accuracy of the organization's accounting methods and procedures