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...that the oldest inventory is the one that is used or sold first. Thus, the accounting calculation and analysis is performed based on the [[cost]] paid for the ol ...her things, because it is also less likely that a company using the FIFO [[accounting method]] will be examined by the tax authorities<ref>Sembiring,A. (2019).''

...ncept''' (otherwise ''the principle of conservatism'') is a '''fundamental accounting concept''', increasing the [[reliability]] of numerical data presented in [ ...ccounting Standards]] (IAS) and Generally accepted [[Accounting Principles|accounting principles]] (GAAP) take into account the concept of prudence in many stand

In addition to the control account, there are other approaches to managing accounting information which can be used to maintain accuracy and [[efficiency]]. Thes * '''Double-Entry Bookkeeping''': This is a [[system]] of accounting that requires recording of a transaction in two separate accounts. The debi

...of enterprise accounting'' and is placed in the context of '''progressive accounting''' <ref>Mook I. L. (2007), p.20</ref>. The reasons why companies are publis ...[[environmental]] and social value added. It has roots several contexts of accounting<ref>Mook I. L. (2007), p.14</ref>:

There are several advantages to understanding and accounting for manufacturing cost. ...labor, materials, overhead, and other expenses related to production. Cost accounting can be used to analyze the [[cost structure]] of a product, identify areas

...] and calculation in accounting events. There are necessities to stabilize accounting in countries (S. Nyquist 2000, p. 181). Cost principle was pioneered in 199 There are a few different types of [[Accounting Principles]] (S. Nyquist 2000, p. 181):

==Accounting for applied overhead== ...ger D., Mowen M., Hansen D. (2008), Fundamental Cornerstones of Managerial Accounting</ref>.

...inancial statements are presented fairly and in accordance with applicable accounting standards. The report will be addressed to the [[management]] and the [[boa ...controls, preparing the financial statements, and ensuring compliance with accounting standards.

* An inappropriate use of an accounting principle or technique; * The use of wrong accounting principle;

...ing]]}} &mdash; {{i5link|a=[[Accounting documents]]}} &mdash; {{i5link|a=[[Accounting process]]}} }}

There are a few rules related to contra entries in accounting: * Contra entries should be clearly labeled and explained in the accounting records, such as in the "particulars" column of a double column cash book,

==Other accounting principles== ...d Cost of Equity Capital Really Decreased?]. Journal of Business Finance & Accounting, 33(3‐4), 329-373.</ref>:

...ors. That technique is connected with the current balance. At the end of [[accounting period]], the contractors estimate the amount of [[cost]] for that period. In accounting, we can meet the term "equilibrium". In general, the accounts as a whole mu

...specified sequence of events in the [[process]] of preparing hand-written accounting books<ref>Gambling. T, (2011)</ref>. Daniel W. Kimuda defines this term as ...journal is a chronological record of all financial transactions. It is an accounting record which is used to record all financial transactions in the order in w

...and how much it will not receive. Under generally [[Accounting Principles|accounting principles]], we should establishing a write-off for uncollectible accounts ...losses they may incur. *Accurately reflect financial position*Comply with accounting standards and applicable laws*Accurately forecast future cash flows*Plan fo

...stock''' is the value of goods available for sale in the beginning of an [[accounting period]]. [[Closing stock]] is the value of goods unsold at the end of the accounting period.

'''Closing entry''' is made at the end of [[accounting period]]. It is the last entry made in the journal before data is moved fro The procedure of ending accounting period is as follows:

...tralized platform for managing various business processes such as finance, accounting, and human resources. SCM systems are used to [[plan]], execute, and monito * Accounting systems

The '''accrual principle''' is an accounting concept that requires that economic transactions be recorded in the time pe Following the accrual basis of accounting gives a more accurate picture of a [[company]]'s true '''financial state'''

...ogle.pl/books?id=AR3U7HN2NhwC&dq=credit+memo&hl=pl&source=gbs_navlinks_s ''Accounting''] SOUTH-WESTERN Cengage Learning p. 378 ...UKEwjw07uz0O_eAhUC2ywKHWPjDngQ6AEIPjAD#v=onepage&q=credit%20memo&f=false ''Accounting Information Systems''] SOUTH-WESTERN Cengage Learning p. 172