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• Accounting estimate
  '''Accounting estimate''' - these are transactions that a [[firm]] enters into in final r ...position is a typical characteristic attribute for reporting and financial accounting <ref>Smith B. 2010, p. 78</ref>. Its value can be complicated or simple acc
  4 KB (669 words) - 17:13, 17 November 2023
• Accounting controls
  #REDIRECT [[accounting control]]
  58 bytes (5 words) - 14:31, 18 February 2023
• Micro Accounting
  ...rprises and is the opposite to macro accounting. According to Syed Sajid:, Accounting is often called the language of business through which normally a business ==Accounting Principles==
  9 KB (1,392 words) - 01:50, 18 November 2023
• Accounting conservatism
  '''Accounting conservatism''' is a principle-based approach to accounting which requires that all available [[information]] should be used to reflect ==Example of accounting conservatism==
  7 KB (1,016 words) - 17:13, 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
• Government accounting
  ...Accepted [[Accounting Principles]] (GAAP) and International Public Sector Accounting Standards (IPSAS). ==Tasks in government accounting==
  3 KB (433 words) - 23:06, 17 November 2023
• Accounting control
  ...] of transactions, and regular financial reporting and audits. The goal of accounting control is to prevent errors, fraud, and mismanagement, and to provide assu ==Benefits of accounting control==
  8 KB (1,039 words) - 17:13, 17 November 2023
• Accounting cycle
  ...ng cycle closes, a [[brand]] new cycle begins, restarting the eight-step [[accounting method]] everywhere once more ==Understanding of the eight-step accounting cycle==
  7 KB (1,065 words) - 14:44, 17 November 2023
• Accounting error
  ...earnings, and potential legal or regulatory issues. To prevent and correct accounting errors, organizations should have robust internal controls and review proce ==Accounting error protection==
  8 KB (1,132 words) - 17:13, 17 November 2023
• Accounting fraud
  '''Accounting fraud''' is an intentional act involving the use of deception, which occurs * Tampering with, falsifying or altering the accounting records or supporting documents from which the financial statements are pre
  7 KB (1,026 words) - 17:14, 17 November 2023
• Accounting method
  ...s are recognized in an [[organization]]'s financial statements. Two common accounting methods are cash basis and accrual basis. Under the cash basis method, inco ==Accounting methods classification==
  8 KB (1,276 words) - 17:14, 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
• Accounting theory
  ...rt financial information. Accounting theory is used to develop and improve accounting standards, methods, and procedures, and to provide a framework for understa ==Accounting theories classification==
  13 KB (1,847 words) - 17:15, 17 November 2023
• Inflation accounting
  ...ure of a company’s performance over time. The main components of inflation accounting are: * '''Constant Dollar Accounting''': This method of accounting adjusts the financial statements of a company to reflect changes in the pur
  10 KB (1,538 words) - 23:49, 17 November 2023
• Accounting ratio
  #REDIRECT [[accounting ratios]]
  57 bytes (5 words) - 14:31, 18 February 2023
• Accounting reports
  ...in which the company operated and are usually created at the end of the [[accounting period]] (Cambridge University 2011, p. 333). ...resent the company's financial position during the last accounting period (accounting period is the specific time period in which the company operated on the [[m
  5 KB (749 words) - 17:15, 17 November 2023
• Accounting policies
  ...ień 2014, p. 398). In other words, accounting policy is a huge part of the accounting [[system]] that prepars information about the business activities in a comp ...ers. The truth is that accounting policy is not just an instrument used by accounting management and it is a full [[process]] that should begin soon after the st
  5 KB (733 words) - 17:14, 17 November 2023
• Accounting manual
  ...'' is a handbook that contains [[accounting policies]] and procedures. The accounting manual is usually internal document prepared by specialists and used by [[c ==Purpose of accounting manual==
  9 KB (1,193 words) - 17:14, 17 November 2023
• Inventory accounting
  '''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.
  12 KB (1,709 words) - 00:17, 18 November 2023
• Accounting process
  The '''accounting process''' is a cyclical activity which is using by all business companies ...uments must be closed and summarized to continue activity and open a new [[accounting period]]
  6 KB (961 words) - 17:14, 17 November 2023
• Call accounting
  ...., and Gregory M. McGregor. 29 Apr. 1997 ''Mobile phone with internal call accounting controls''. U.S. Patent No. 5,625,669.</ref>. ...., and Gregory M. McGregor. 29 Apr. 1997 ''Mobile phone with internal call accounting controls''. U.S. Patent No. 5,625,669.</ref>.
  8 KB (1,114 words) - 18:51, 17 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
• Accounting Convention
  ...reated on the basis of any law but it results from [[Accounting Principles|accounting principles]]. ...ally, convention is used in situations where there is no legal guidance in accounting standards that relate to a particular situation (Weil, R.L., 2014, p. 24).
  10 KB (1,563 words) - 17:12, 17 November 2023
• Environmental accounting
  ...Stefan Schaltegger "Possible reasons for the development of environmental accounting include the [[need]] to measure environmentally induced financial impacts o There is no single specific definition of environmental accounting regarding the scope of which projects should be included and which not. Ele
  5 KB (636 words) - 21:54, 17 November 2023
• Accounting period
  ...are made to track the financial results of a [[company]]. At the end of an accounting period, the financial transactions are summarized and reported in the form ==Example of accounting period==
  7 KB (1,042 words) - 17:14, 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
• 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
• 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
• Strategic management accounting
  70 bytes (6 words) - 14:53, 18 February 2023
• Ai in accounting
  ...lent activity, and the automation of payment and invoice processing. AI in accounting can also provide decision support and provide better insights into [[financ ==Example of AI in accounting==
  9 KB (1,250 words) - 17:34, 17 November 2023
• Government accounting office
  #REDIRECT [[government accounting]]
  61 bytes (5 words) - 14:42, 18 February 2023
• Objectivity in accounting
  ...re accurately reported in accordance with accepted [[Accounting Principles|accounting principles]] and standards. Objectivity is essential in the [[management]] ==Example of objectivity in accounting==
  8 KB (1,079 words) - 02:29, 18 November 2023
• Quality of accounting
  ...requires constant monitoring and updating of processes to ensure that the accounting system is up to date, accurate and compliant with all applicable laws and r ==Example of quality of accounting==
  8 KB (1,099 words) - 04:19, 18 November 2023
• Accounting and auditing
  '''Accounting''' is the [[process]] of recording, classifying, and summarizing financial ==Example of accounting and auditing==
  11 KB (1,472 words) - 17:12, 17 November 2023
• Accrual basis accounting
  ...ded. There are two main methods for recording revenues and expenses in the accounting [[system]] the cash basis and the accrual basis. Both ways can be used in a ...ing one reporting period. Many countries decide to switch to accrual based accounting, which is part of the [[process]] of changing the financial statements for
  4 KB (624 words) - 14:47, 17 November 2023
• Expanded accounting equation
  ...nses and drawing/dividends<ref>Agtarap-San Juan D. (2007), Fundamentals of accounting</ref>. ==The expanded accounting equation formula==
  9 KB (1,337 words) - 22:09, 17 November 2023
• Functions of accounting
  ...statistical (providing information and statistical data) or stimulus. All accounting functions are performed simultaneously. They lead to effective use of resou ==Internal and external functions of accounting==
  4 KB (556 words) - 22:50, 17 November 2023
• International accounting standards
  ...ternational accounting standards that form the basis for understanding the accounting principles and methods used in the world. Despite many years of attempts to harmonize accounting principles applied in different countries are still characterized by a larg
  7 KB (1,043 words) - 00:12, 18 November 2023
• Accounting rate of return
  The '''accounting rate of return''' (ARR) is a financial metric used to evaluate the profitab ==Accounting rate of return formula==
  6 KB (982 words) - 17:15, 17 November 2023
• International accounting standards board
  #REDIRECT [[international accounting standards]]
  74 bytes (6 words) - 14:43, 18 February 2023
• 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

Page text matches

• Government accounting
  ...Accepted [[Accounting Principles]] (GAAP) and International Public Sector Accounting Standards (IPSAS). ==Tasks in government accounting==
  3 KB (433 words) - 23:06, 17 November 2023
• Accounting controls
  #REDIRECT [[accounting control]]
  58 bytes (5 words) - 14:31, 18 February 2023
• Accounting ratio
  #REDIRECT [[accounting ratios]]
  57 bytes (5 words) - 14:31, 18 February 2023
• Creative accountancy
  #REDIRECT [[creative accounting]]
  59 bytes (5 words) - 14:37, 18 February 2023
• Government accounting office
  #REDIRECT [[government accounting]]
  61 bytes (5 words) - 14:42, 18 February 2023
• International accounting standards board
  #REDIRECT [[international accounting standards]]
  74 bytes (6 words) - 14:43, 18 February 2023
• Functions of accounting
  ...statistical (providing information and statistical data) or stimulus. All accounting functions are performed simultaneously. They lead to effective use of resou ==Internal and external functions of accounting==
  4 KB (556 words) - 22:50, 17 November 2023
• Accrual basis accounting
  ...ded. There are two main methods for recording revenues and expenses in the accounting [[system]] the cash basis and the accrual basis. Both ways can be used in a ...ing one reporting period. Many countries decide to switch to accrual based accounting, which is part of the [[process]] of changing the financial statements for
  4 KB (624 words) - 14:47, 17 November 2023
• Accounting policies
  ...ień 2014, p. 398). In other words, accounting policy is a huge part of the accounting [[system]] that prepars information about the business activities in a comp ...ers. The truth is that accounting policy is not just an instrument used by accounting management and it is a full [[process]] that should begin soon after the st
  5 KB (733 words) - 17:14, 17 November 2023
• Stock-taking
  ...n that moment. The purpose of the stock-taking is to check and correct all accounting data as well as to settle the people who were responsible financially for t ...period concept]]}} &mdash; {{i5link|a=[[Tax books]]}} &mdash; {{i5link|a=[[Accounting Principles]]}} }}
  3 KB (424 words) - 06:04, 18 November 2023
• Accounting estimate
  '''Accounting estimate''' - these are transactions that a [[firm]] enters into in final r ...position is a typical characteristic attribute for reporting and financial accounting <ref>Smith B. 2010, p. 78</ref>. Its value can be complicated or simple acc
  4 KB (669 words) - 17:13, 17 November 2023
• Environmental accounting
  ...Stefan Schaltegger "Possible reasons for the development of environmental accounting include the [[need]] to measure environmentally induced financial impacts o There is no single specific definition of environmental accounting regarding the scope of which projects should be included and which not. Ele
  5 KB (636 words) - 21:54, 17 November 2023
• Accounting period
  ...are made to track the financial results of a [[company]]. At the end of an accounting period, the financial transactions are summarized and reported in the form ==Example of accounting period==
  7 KB (1,042 words) - 17:14, 17 November 2023
• Accounting process
  The '''accounting process''' is a cyclical activity which is using by all business companies ...uments must be closed and summarized to continue activity and open a new [[accounting period]]
  6 KB (961 words) - 17:14, 17 November 2023
• Inflation accounting
  ...ure of a company’s performance over time. The main components of inflation accounting are: * '''Constant Dollar Accounting''': This method of accounting adjusts the financial statements of a company to reflect changes in the pur
  10 KB (1,538 words) - 23:49, 17 November 2023
• Objectivity in accounting
  ...re accurately reported in accordance with accepted [[Accounting Principles|accounting principles]] and standards. Objectivity is essential in the [[management]] ==Example of objectivity in accounting==
  8 KB (1,079 words) - 02:29, 18 November 2023
• Quality of accounting
  ...requires constant monitoring and updating of processes to ensure that the accounting system is up to date, accurate and compliant with all applicable laws and r ==Example of quality of accounting==
  8 KB (1,099 words) - 04:19, 18 November 2023
• Accounting conservatism
  '''Accounting conservatism''' is a principle-based approach to accounting which requires that all available [[information]] should be used to reflect ==Example of accounting conservatism==
  7 KB (1,016 words) - 17:13, 17 November 2023
• Tax books
  ...ise. The accountant is an accountant. Must have extensive [[knowledge]] of accounting and taxes, which should be kept up to date with changing regulations<ref>J. ...and balances. Thanks to this statement, we can control the correctness of accounting entries in a given reporting period<ref> C.Richards, 2010, p. 10-14</ref>.
  4 KB (696 words) - 06:39, 18 November 2023
• Accounting control
  ...] of transactions, and regular financial reporting and audits. The goal of accounting control is to prevent errors, fraud, and mismanagement, and to provide assu ==Benefits of accounting control==
  8 KB (1,039 words) - 17:13, 17 November 2023
• International accounting standards
  ...ternational accounting standards that form the basis for understanding the accounting principles and methods used in the world. Despite many years of attempts to harmonize accounting principles applied in different countries are still characterized by a larg
  7 KB (1,043 words) - 00:12, 18 November 2023
• Ai in accounting
  ...lent activity, and the automation of payment and invoice processing. AI in accounting can also provide decision support and provide better insights into [[financ ==Example of AI in accounting==
  9 KB (1,250 words) - 17:34, 17 November 2023
• Micro Accounting
  ...rprises and is the opposite to macro accounting. According to Syed Sajid:, Accounting is often called the language of business through which normally a business ==Accounting Principles==
  9 KB (1,392 words) - 01:50, 18 November 2023
• Consistency principle
  ...opinion, the principle is one of the most important features of effective accounting information<ref>Aicpa (2018), [https://www.aicpa.org/research/standards/aud ...a [[company]] applying the principle of cohesion should reach for the same accounting methods in similar cases in the future.
  8 KB (1,087 words) - 19:48, 17 November 2023
• 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
• Extraordinary Item
  ...in Generally Accepted [[Accounting Principles]] announced by the Financial Accounting Standards [[Board]] until 2015<ref> Whittington R. (2016) pp. 187 & 214,</r ...{{i5link|a=[[Managements discussion and analysis]]}} &mdash; {{i5link|a=[[Accounting concepts]]}} &mdash; {{i5link|a=[[Total income]]}} &mdash; {{i5link|a=[[Sun
  5 KB (678 words) - 22:16, 17 November 2023
• Accounting manual
  ...'' is a handbook that contains [[accounting policies]] and procedures. The accounting manual is usually internal document prepared by specialists and used by [[c ==Purpose of accounting manual==
  9 KB (1,193 words) - 17:14, 17 November 2023
• Accounting cycle
  ...ng cycle closes, a [[brand]] new cycle begins, restarting the eight-step [[accounting method]] everywhere once more ==Understanding of the eight-step accounting cycle==
  7 KB (1,065 words) - 14:44, 17 November 2023
• Accounting error
  ...earnings, and potential legal or regulatory issues. To prevent and correct accounting errors, organizations should have robust internal controls and review proce ==Accounting error protection==
  8 KB (1,132 words) - 17:13, 17 November 2023
• Accounting and auditing
  '''Accounting''' is the [[process]] of recording, classifying, and summarizing financial ==Example of accounting and auditing==
  11 KB (1,472 words) - 17:12, 17 November 2023
• Accounting method
  ...s are recognized in an [[organization]]'s financial statements. Two common accounting methods are cash basis and accrual basis. Under the cash basis method, inco ==Accounting methods classification==
  8 KB (1,276 words) - 17:14, 17 November 2023
• Accounting Convention
  ...reated on the basis of any law but it results from [[Accounting Principles|accounting principles]]. ...ally, convention is used in situations where there is no legal guidance in accounting standards that relate to a particular situation (Weil, R.L., 2014, p. 24).
  10 KB (1,563 words) - 17:12, 17 November 2023
• Accounting rate of return
  The '''accounting rate of return''' (ARR) is a financial metric used to evaluate the profitab ==Accounting rate of return formula==
  6 KB (982 words) - 17:15, 17 November 2023
• Expanded accounting equation
  ...nses and drawing/dividends<ref>Agtarap-San Juan D. (2007), Fundamentals of accounting</ref>. ==The expanded accounting equation formula==
  9 KB (1,337 words) - 22:09, 17 November 2023
• Accounting reports
  ...in which the company operated and are usually created at the end of the [[accounting period]] (Cambridge University 2011, p. 333). ...resent the company's financial position during the last accounting period (accounting period is the specific time period in which the company operated on the [[m
  5 KB (749 words) - 17:15, 17 November 2023
• Accounting theory
  ...rt financial information. Accounting theory is used to develop and improve accounting standards, methods, and procedures, and to provide a framework for understa ==Accounting theories classification==
  13 KB (1,847 words) - 17:15, 17 November 2023
• Money measurement concept
  ...actions which can be expressed in monetary terms should be recorded in the accounting books. This is due to the fact that money is the basic carrier of value and Monetary concept allows to standardize accounting entries by using monetary terms. This allows clearer bookkeeping and easier
  8 KB (1,172 words) - 01:58, 18 November 2023
• Reversing entry
  '''Reversing entry''' "is an entry made at the beginning of the next [[accounting period]]" ''(J. J. Weygandt, D. E. Kieso, P. D. Kimmel, 2010, p. 175)''. Re ...w balance sheet account for transaction that will be completed in the next accounting period, in the following way''' ''(J. M. Wahlen, J.P. Jones, D. Pagach, 201
  8 KB (1,340 words) - 04:51, 18 November 2023
• Cash Flow Plans
  ...about inflows and outflows of [[cash and cash equivalents]] (International Accounting [[Standard]] 7, 6). It provides [[information]] about financing constraints ...classified by operating, investing and financing activities"(International Accounting [[Standard]] 7, 10).
  4 KB (629 words) - 10:19, 18 November 2023
• Call accounting
  ...., and Gregory M. McGregor. 29 Apr. 1997 ''Mobile phone with internal call accounting controls''. U.S. Patent No. 5,625,669.</ref>. ...., and Gregory M. McGregor. 29 Apr. 1997 ''Mobile phone with internal call accounting controls''. U.S. Patent No. 5,625,669.</ref>.
  8 KB (1,114 words) - 18:51, 17 November 2023
• 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
• Closing entries
  ...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
  9 KB (1,289 words) - 19:22, 17 November 2023
• Abridged accounts
  ...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
  8 KB (1,093 words) - 17:07, 17 November 2023
• Conservatism principle
  ...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
  10 KB (1,498 words) - 19:47, 17 November 2023
• Inventory accounting
  '''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.
  12 KB (1,709 words) - 00:17, 18 November 2023
• Accrued income
  ...method]] and in the month when the payments are collected under the cash [[accounting method]]. ==Accrual accounting method==
  10 KB (1,447 words) - 17:17, 17 November 2023
• Budget account
  ...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
  5 KB (717 words) - 18:34, 17 November 2023
• Controlling variants
  ===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
  4 KB (568 words) - 20:03, 17 November 2023
• Balance an account
  ...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==
  6 KB (928 words) - 18:03, 17 November 2023
• LIFO method
  '''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>.
  6 KB (897 words) - 00:36, 18 November 2023
• Temporary account
  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
  9 KB (1,339 words) - 06:48, 18 November 2023
• Income summary account
  ...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
  9 KB (1,527 words) - 23:42, 17 November 2023
• External auditors role
  * 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
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• Time period concept
  '''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'''
  9 KB (1,370 words) - 06:56, 18 November 2023
• Materiality principle
  ...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
  9 KB (1,283 words) - 01:39, 18 November 2023
• Substance over form
  '''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
  7 KB (1,111 words) - 06:23, 18 November 2023
• Quality of earnings
  ...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
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• Periodicity concept
  ...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
  10 KB (1,459 words) - 03:07, 18 November 2023
• Income summary
  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
  9 KB (1,433 words) - 23:42, 17 November 2023
• T account
  ...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
  9 KB (1,478 words) - 06:34, 18 November 2023
• General audit
  * Examining documents such as financial statements, accounting ledgers, and internal financial reports * Investigating the accuracy of the organization's accounting methods and procedures
  9 KB (1,234 words) - 22:55, 17 November 2023
• First in first out (FIFO)
  ...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).''
  8 KB (1,265 words) - 22:29, 17 November 2023
• Prudence concept
  ...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
  10 KB (1,528 words) - 04:05, 18 November 2023
• Control account
  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
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• Value added statement
  ...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>:
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• Manufacturing cost
  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
  8 KB (1,171 words) - 01:23, 18 November 2023
• Cost principle
  ...] 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):
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• Applied overhead
  ==Accounting for applied overhead== ...ger D., Mowen M., Hansen D. (2008), Fundamental Cornerstones of Managerial Accounting</ref>.
  8 KB (1,174 words) - 17:44, 17 November 2023
• Audit report
  ...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.
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• Error Of Principle
  * An inappropriate use of an accounting principle or technique; * The use of wrong accounting principle;
  7 KB (1,108 words) - 21:57, 17 November 2023
• Recordkeeping system
  ...ing]]}} &mdash; {{i5link|a=[[Accounting documents]]}} &mdash; {{i5link|a=[[Accounting process]]}} }}
  4 KB (630 words) - 04:32, 18 November 2023
• Contra entry
  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,
  8 KB (1,268 words) - 19:58, 17 November 2023
• Matching principle
  ==Other accounting principles== ...d Cost of Equity Capital Really Decreased?]. Journal of Business Finance & Accounting, 33(3‐4), 329-373.</ref>:
  9 KB (1,389 words) - 01:38, 18 November 2023
• Current balance
  ...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
  5 KB (716 words) - 20:33, 17 November 2023
• Books of original entry
  ...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
  8 KB (1,302 words) - 18:27, 17 November 2023
• Accounts uncollectible
  ...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
  8 KB (1,158 words) - 17:16, 17 November 2023
• Opening stock
  ...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.
  11 KB (1,810 words) - 02:34, 18 November 2023
• Closing entry
  '''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:
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• IT systems in value chain management
  ...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
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• Accrual method
  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'''
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• Credit memo
  ...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
  4 KB (732 words) - 20:23, 17 November 2023