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Accounting Details

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Accounting Details

Learn Financial and Managerial Accounting for Free

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Accounting Definitions

Compound Annual Growth Rate

Jennifer edwards November 21, 2014 0Comments

The compound annual growth rate can be defined as a measure through which the growth over multiple periods of time can be measured or estimated. This is the growth rate…

Accounting Definitions

Compounding

Jennifer edwards November 21, 2014 0Comments

Compounding can be defined as the process of the exponential increase in the worth and the value of the investment over a specific time period. The exponential increase in the…

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Compound Interest

Jennifer edwards November 21, 2014 0Comments

Compound interest can be defined as an interest that is earned on the principle amount and the interest that is previously earned on that amount. The Example of Compound Interest…

Accounting Definitions

Net National Product

Jennifer edwards November 20, 2014 0Comments

Net National Product is the market value of the national goods or products of a country after subtracting the depreciation and is also referred as the capital consumption of the…

Accounting Definitions

Negative Equity

Jennifer edwards November 20, 2014 0Comments

Negative Equity can be defined as a situation in the business where the liabilities of a business increase its assets. Calculation of Negative Equity Negative Equity can be calculated by…

Accounting Conventions

Redundant Asset

Jennifer edwards November 20, 2014 0Comments

A redundant asset is a type of asset that generates some income for the company but it is not linked directly to the everyday operations of a company. Example OF…

Accounting Definitions

Business Model

Jennifer edwards November 20, 2014 0Comments

A business modal can be defined as the strategy of a business through which it wants to earn revenue from the products and services offered by the business. There are…

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Business Development Company

Jennifer edwards November 20, 2014 0Comments

A business development company is a public company that that invest its money and resources in small upcoming business firms. The major objective of the business development companies is to…

Accounting Definitions

Break Even Price

Jennifer edwards November 19, 2014 0Comments

The break-even price is the price that must be assigned to a good or a product in order to cover the expenses that occurred in producing that product. How Break…

Accounting Definitions

Creditor

Jennifer edwards November 19, 2014 0Comments

A creditor can be defined as an individual, financial institution or a business entity that lends money to another entity under the agreement of repayment. Types of Creditors There are…

Accounting Definitions

Credit Utilization Rate

Jennifer edwards November 19, 2014 0Comments

Credit utilization rate can be defined as a calculation that is done to calculate the individuals total debt balance to the total available credit with the individual. Calculation of Credit…

Accounting Conventions Accounting Definitions

Limitations of Financial Accounting

Jennifer edwards November 17, 2014 0Comments

There are certain limitations in the financial accounting due to which most of the accounting professionals switched to the cost accounting. The first and the foremost limitation of the financial…

Accounting Definitions

Final Accounts

Jennifer edwards November 17, 2014 0Comments

Final Accounts are the accounts that are prepared to find the final estimate of the profit and loss of a company for a certain accounting period. Final accounts are used…

Single Entry System

Advantages and Disadvantages of Single Entry System

Jennifer edwards November 17, 2014 1Comments

There are a number of advantages and disadvantages of a single entry system that can be described as under:- Advantages of Single Entry System Single entry system is easy to…

Accounting Definitions

Going Concern Concept

Jennifer edwards November 17, 2014 0Comments

The concept of going concern is an accounting concept that assumes that each business entity or the company is a going concern. By going concern we mean that the company…

Accounting Definitions Cost Accounting Costing

Historical Cost

Jennifer edwards November 16, 2014 0Comments

Historical cost can be defined as the value of the resource given up or the liability that incurred at the time when the resource was given up. The liability may…

Accounting Definitions

Assets under Management

Jennifer edwards November 16, 2014 0Comments

Assets under Management Asset under management can be defined as the total market value of the investment of the company that is made by the company in the market and…

Accounting Definitions

Load Fund

Jennifer edwards November 15, 2014 0Comments

Load fund can be defined as the type of the mutual fund that carries a fee to sell and purchase the shares of the company. This load can be expressed…

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Accounting Definitions

Inventory Audit Method

Accounting Definitions

Above the Line Deduction

Accounting Definitions

Ability to Pay Taxation

Accounting Definitions

Abatement

Accounting Details

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