General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

constant purchasing power accounting

Accounting; General accounting

Basic accounting model originally authorized in 1989 as an alternative to traditional historical cost accounting.

historical cost

Accounting; General accounting

Method of valuing assets and liabilities based on their original cost without adjustment for changing prices.

cost of goods sold

Accounting; General accounting

Materials, labour and other costs directly related to the goods or services provided.

cash method of accounting

Accounting; General accounting

The Cash method of accounting records revenue when cash is received and expenses when they are paid in cash.

cash flow forecasting

Accounting; General accounting

Cash flow forecasting or cash flow management is a key aspect of financial management of a business, planning its future cash requirements to avoid a crisis of liquidity.

generally accepted accounting principles

Accounting; General accounting

Generally Accepted Accounting Principles are rules used in the United States to prepare, present and report financial statements for a wide variety of entities.

international financial reporting standards

Accounting; General accounting

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international ...