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General accounting
Use this category for general accounting terms.
Industry: Accounting
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General accounting
accidental death benefit
Accounting; General accounting
The value of an accidental death insurance policy or life insurance policy that is paid to the beneficiary.
account analysis
Accounting; General accounting
Measurement of cost behavior, by analyzing accounting data and classifying each account as a fixed cost, or variable cost.
absorption account
Accounting; General accounting
Account that shows the amount of overhead borne by (charged against) the volume of production.
absorption costing
Accounting; General accounting
A method of costing a product in which all fixed and variable costs are apportioned to cost centers where they are accounted for using absorption rates. This method ensures that all incurred costs ...
absorption pricing
Accounting; General accounting
Method of pricing in which all costs are recovered. The price of the product includes the variable cost of each item plus a proportionate amount of the fixed costs.
absorption rate
Accounting; General accounting
In absorption costing, the rate determined in advance for all cost centers for allocating fixed costs and variable costs (together or separately) to the output, in an accounting period. Also called ...
accelerated amortization
Accounting; General accounting
Provision in a loan or mortgage agreement that allows a borrower to increase the monthly installment amount to pay off the obligation before its specified settlement date.
