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Accounting: The process of gathering and preparing financial information about a business or other organisation in a form that provides accurate and useful records and enables decisions to be made. Accounting cycle: This covers everything from opening the 'books' at the start of the year to closing them at the end.
Learn over 20 accounting concepts in plain language with this cheat sheet. Find definitions of balance sheet, income statement, cash method, accrual method, and more.
26 kwi 2015 · A comprehensive guide to accounting terminology, methods, principles, and formulas. Includes diagrams, examples, test vocabulary, and bank reconciliation.
Accounting Vocabulary. AICPA - American Institute of Certified Public Accountants account - record of the increases or decreases in a specific item.
A comprehensive list of the most commonly used accounting words and phrases, with simple and accessible definitions and background information. Ideal for business owners who want to understand their accounts or financial information better.
Accounting: The process of recording, analyzing, reporting and interpreting the financial affect of business activities. Accounting basis: Refers to how financial transactions are measured for recording purposes. i.e. cash basis vs accrual basis, historical cost basis, going concern basis.
A comprehensive list of accounting and auditing terms and definitions, organized alphabetically. Learn the meaning and usage of various concepts, such as accrual, amortization, audit sampling, bad debt, and more.
