Accounting Change — A change in accounting principles, accounting estimates, or the reporting entity. A change in an accounting principle is a change in a method used, such as using a different depreciation method or switching from LIFO to FIFO. An example of an… … Investment dictionary
Accounting Changes And Error Correction — Requirements for the accounting for and reporting of a change in accounting principle, change in accounting estimate, change in reporting entity or the correction of a transaction. Accounting Changes and Error Correction is a pronouncement made… … Investment dictionary
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
Accounting period — An accounting period is a period with reference to which United Kingdom corporation tax is charged. [Section 12 of the Income and Corporation Taxes Act 1988] It helps dictate when tax is paid on income and gains. An accounting period begins… … Wikipedia
estimate — I (New American Roget s College Thesaurus) v. t. consider, gauge, judge; value, appraise, evaluate, rate, assess, measure; compute, reckon, calculate. n. judgment, opinion, appraisal, report, criticism; calculation. II (Roget s IV) n. 1. [An… … English dictionary for students
Accounting — Account Ac*count , v. t. [imp. & p. p. {Accounted}; p. pr. & vb. n. {Accounting}.] [OE. acounten, accompten, OF. aconter, [ a] (L. ad) + conter to count. F. conter to tell, compter to count, L. computare. See {Count}, v. t.] [1913 Webster] 1. To… … The Collaborative International Dictionary of English
Accounting Rate of Return - ARR — ARR provides a quick estimate of a project s worth over its useful life. ARR is derived by finding profits before taxes and interest. ARR is an accounting method used for purposes of comparison. The major drawbacks of ARR are that it uses profit… … Investment dictionary
Clean surplus accounting — method provides elements of a forecasting model that gives price as a function of earnings, expected returns, and change in book value.[1][2] Clean surplus accounting is calculated by not including transactions with shareholders (such as… … Wikipedia
Double counting (accounting) — Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate… … Wikipedia
Critical accounting policy — In public corporate finance, a critical accounting policy is a policy for a firm/company or an industry which is considered to have a notably high subjective element, and that has a material impact on the financial statements. These policies are… … Wikipedia
