General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

consolidated statements

Accounting; General accounting

Financial statements of the parent company plus those of majority-owned subsidiaries as if the combination were a single legal entity.

current asset

Accounting; General accounting

An asset that is expected to be converted into cash within the trading cycle.

Situation where a country levies tax on an income that has already been taxed in the same or another country. For example, corporate profits are taxed when they are earned, and then taxed again as ...

earnings per share (EPS)

Accounting; General accounting

The amount of a company's net income for each share of its outstanding common stock.

aging-of-accounts method

Accounting; General accounting

A way to estimate bad debts by analyzing individual accounts receivable according to the length of time they have been receivable from the customer.

earnings per share (EPS)

Accounting; General accounting

The amount of a company's net income for each share of its outstanding common stock.

capital lease

Accounting; General accounting

Fixed-term (and usually non-cancelable) lease that is similar to a loan agreement for purchase of a capital asset on installments. The lessor's services are limited to financing the asset, the lessee ...