Accounting

1099-NEC: Nonemployee Compensation Reporting
An overview of the 1099-NEC form used for reporting nonemployee compensation in the United States, introduced in 2020 to simplify and distinguish it from other income types.
A Priori Theories of Accounting: Deductive Reasoning in Measurement and Valuation
A Priori Theories of Accounting encompass the use of deductive reasoning to develop measurement and valuation systems based on certain axioms or assumptions, rather than empirical observation. The 1960s marked a significant period for a priori research in financial accounting.
AAA: American Accounting Association
An overview of the American Accounting Association, including its historical context, key events, importance, and related concepts in accounting and finance.
AADB: Accountancy and Actuarial Discipline Board
The AADB, or Accountancy and Actuarial Discipline Board, is the successor to the AIDB, with an expanded mandate that includes oversight of actuaries.
AADB: Accountancy and Actuarial Discipline Board
An in-depth look at the Accountancy and Actuarial Discipline Board (AADB), its role, history, and relevance in the fields of accountancy and actuarial science.
AAPA: Association of Authorized Public Accountants
A comprehensive look into the Association of Authorized Public Accountants (AAPA), including its history, types of membership, key events, importance, applicability, and related terms.
AAT: Association of Accounting Technicians
An overview of the Association of Accounting Technicians (AAT), including its history, roles, importance, and related terms in the field of accounting.
AAT (Association of Accounting Technicians): Professional Body for Accounting Technicians
Comprehensive guide to the Association of Accounting Technicians (AAT), including its historical context, categories, key events, importance, applicability, examples, and related terms.
ABC Method: Understanding Activity-Based Costing
An in-depth exploration of the ABC Method (Activity-Based Costing), covering its historical context, key concepts, detailed explanations, mathematical models, importance, examples, considerations, related terms, comparisons, and more.
Abnormal Loss: Managing Unexpected Production Issues
In-depth exploration of abnormal loss in manufacturing or chemical processes, including its definitions, categories, implications, and management.
Above-the-Line: Financial Reporting
Denoting entries printed above the horizontal line on a company's profit and loss account, separating profit (or loss) from entries showing profit distribution.
Abridged Accounts: Simplified Financial Reporting for Small Companies
A comprehensive guide to Abridged Accounts under the EU Accounting Directive (2014), detailing its historical context, key aspects, and its significance for small companies.
Absorb: Accounting and Beyond
Absorb refers to the assimilation or incorporation of amounts in an account or group of accounts, effectively blending them and causing them to lose their individual identity.
Absorbed Overhead: Essential in Absorption Costing
Absorbed overhead refers to the portion of an organization's overhead expenses that are charged to production during a specific accounting period when absorption costing is applied.
Absorption: Overhead Cost Allocation in Accounting
Absorption in accounting refers to the allocation of overhead costs to the production of an organization using absorption rates.
Absorption Account: Monitoring Overhead Absorption in Cost Accounting
A comprehensive overview of absorption accounts in double-entry cost accounting systems, detailing their purpose, historical context, types, key events, and importance.
Absorption Costing vs. Variable Costing: Detailed Comparison
An in-depth analysis of Absorption Costing and Variable Costing, exploring their definitions, differences, uses, advantages, disadvantages, and impact on financial statements.
Absorption Rate: A Key Concept in Cost Accounting
The absorption rate is a calculated rate used in absorption costing systems to allocate overhead costs to production. This article explains the types, formulas, historical context, importance, and differences from activity-based costing.
ACA: Abbreviation for Associate of the Institute of Chartered Accountants in England and Wales
The ACA qualification stands for Associate of the Institute of Chartered Accountants in England and Wales, a prestigious certification for professionals in the accounting field. This article delves into the historical context, types of certifications, key events, detailed explanations, and much more about ACA.
ACCA: Association of Chartered Certified Accountants
ACCA stands for the Association of Chartered Certified Accountants, a global professional accounting body offering the Chartered Certified Accountant qualification.
Accelerated Cost Recovery System: Depreciation Method
A comprehensive guide to the Accelerated Cost Recovery System (ACRS), an accounting method for asset depreciation in the United States.
Accelerated Cost Recovery System (ACRS): U.S. Depreciation System
ACRS is a method introduced in the 1980s in the United States for faster asset depreciation, allowing businesses to write off capital investments at a quicker rate.
Accelerated Depreciation: Rapid Asset Value Reduction
Accelerated depreciation is a method to depreciate assets at a faster rate than the standard useful-life basis, often used for tax advantages and to reflect the rapid obsolescence of assets.
Account: Comprehensive Overview
A detailed look into the concept of 'Account,' encompassing its various meanings and applications in finance, banking, and accounting.
Account Code: A Crucial Element in Financial Accounting
A detailed explanation of account codes, their historical context, types, key events, importance, and applicability in financial accounting, along with examples, related terms, FAQs, and more.
Account Receivables: Definition and Importance
Account Receivables are money owed to a company by its customers for goods or services delivered. They play a crucial role in a company's financial health by reflecting future cash flows.
Account Reconciliation: Ensuring Financial Accuracy
Account Reconciliation is a crucial financial procedure to confirm that the balance in a chequebook matches the corresponding bank statement and ensures the reliability of a company's accounting records.
Account(s): Financial Statements and Accountability
An in-depth exploration of the types, purposes, and significance of financial accounts, from personal bank accounts to national income statements.
Accountable Plan: Tax-Exempt Employer Reimbursement
An accountable plan is an IRS-compliant arrangement wherein employer reimbursements for expenses are excluded from an employee's income, provided they meet specific requirements.
Accountancy and Actuarial Discipline Board: Investigating Professional Misconduct in the UK
The Accountancy and Actuarial Discipline Board (AADB) is the UK body responsible for investigating cases of alleged misconduct by members of the accounting and actuarial professions that raise issues of public concern.
Accountancy and Actuarial Discipline Board (AADB): Overview and Role
An in-depth look into the Accountancy and Actuarial Discipline Board (AADB), its historical context, functions, importance, and impact on professional standards.
Accountancy Bodies: Regulatory Organizations for Accountants
Accountancy bodies are organizations established globally to regulate the activities of accountants. Members typically use titles such as chartered accountant, chartered certified accountant, or certified public accountant. These bodies control membership through examinations and enforce compliance with professional regulations.
Accountancy Investigation and Discipline Board (AIDB): The Predecessor of AADB
The Accountancy Investigation and Discipline Board (AIDB) was the predecessor of the Accountancy and Actuarial Discipline Board (AADB). It played a significant role in maintaining and enforcing standards within the UK accounting profession.
Accountants' Report: Essential Financial Documentation
An accountants' report is a comprehensive financial document prepared by accountants, mandated by the London Stock Exchange to be included in a company’s prospectus, providing critical financial insights to potential investors.
Accounting and Finance Association of Australia and New Zealand: Professional Association
The Accounting and Finance Association of Australia and New Zealand (AFAANZ) is a professional association representing the interests of finance and accounting educators and professionals, formed in 2002 through the merger of AAANZ and AAUTA.
Accounting and Tax Index: A Historical Reference
A comprehensive overview of the Accounting and Tax Index, including its historical context, evolution, significance, and its transition to the online database ProQuest Accounting and Tax.
Accounting Bases: Methods in Financial Reporting
The methods used for applying fundamental accounting concepts to financial transactions and items when preparing financial statements. The particular bases adopted by an organization will form its accounting policies.
Accounting Code: Facilitating Accurate Financial Tracking
An in-depth exploration of accounting codes, their historical development, categorization, and crucial role in modern financial management systems.
Accounting Concepts: Essential Foundations of Financial Reporting
Accounting concepts refer to the basic theoretical ideas that support accounting practices. These concepts ensure consistency, relevance, reliability, and understandability in financial reporting.
Accounting Council: Advisory Body for Accounting and Financial Reporting
The Accounting Council advises the Financial Reporting Council on accounting and financial reporting policies. Established in 2012, it plays a significant role in the development of Financial Reporting Standards.
Accounting Cushion: Financial Strategy for Expense Management
In the USA, the practice of making larger provisions for expenses in one year, in order to minimize them in future years. This effectively understates earnings in the present year but overstates them in subsequent years.
Accounting Cycle: Comprehensive Guide
An in-depth look at the sequence of steps in accounting for a financial transaction, from initial recording to financial statement aggregation.
Accounting Entity: Understanding the Concept and Its Importance
The accounting entity is the foundational concept in accounting, separating the financial records of a business from its owners or other entities. This article explores its historical context, types, key principles, examples, related terms, and more.
Accounting Equation: The Foundation of Financial Accounting
The accounting equation is a fundamental principle in financial accounting, representing the relationship between an entity's assets, liabilities, and owner's equity. It ensures that a company's balance sheet remains balanced and reflects the true financial position.
Accounting Ethics: Principles and Practices
A comprehensive guide to the principles of morally right conduct in the accounting profession, highlighting the importance of integrity, objectivity, and professional competence.
Accounting Event: Key Concepts in Financial Recording
An in-depth exploration of accounting events, including their significance, historical context, types, and practical applications in financial record-keeping.
Accounting Exposure: Financial Risk due to Exchange Rate Fluctuations
A comprehensive analysis of accounting exposure, its types, key events, detailed explanations, formulas, and examples, providing an in-depth understanding of how exchange rate fluctuations can affect financial statements.
Accounting Fraud: Manipulation of Financial Statements
Accounting fraud involves the manipulation of financial statements to present a false picture of a company's financial health, leading to misinformation about the financial status of an organization.
Accounting Income: Traditional Measure of Earnings
Accounting Income is a traditional measure of income based on realized earnings and expenses, essential for financial reporting and economic decisions.
Accounting Period: Financial Reporting Timeframe
An accounting period is a specific duration, typically a year, to which a set of company accounts pertains, used for financial reporting purposes.
Accounting Plan: Detailed Accounting Guide in Europe
A comprehensive accounting guide prevalent in European countries such as France and Spain. It includes definitions of accounting terms, rules for valuation and measurement, model financial statements, and a chart of accounts.
Accounting Principle: Fundamental Concepts in Financial Accounting
Comprehensive exploration of the fundamental concepts that underlie financial accounting practices, including historical context, key principles, examples, related terms, FAQs, and much more.
Accounting Principles: Foundation of Financial Reporting
A comprehensive guide to accounting principles, their types, historical context, key concepts, and importance in financial reporting.
Accounting Principles Board (APB): Establishment and Impact
The Accounting Principles Board (APB) was a crucial body established by the American Institute of Certified Public Accountants (AICPA) in 1959 to enhance accounting standards in the USA. It was the forerunner of the Financial Accounting Standards Board (FASB).
Accounting Profit: The Concept of Profit According to Accounting Principles
A detailed explanation of accounting profit, how it's calculated using generally accepted accounting principles (GAAP), its theoretical and practical problems, and its significance in financial reporting.
Accounting Rate of Return: Comprehensive Guide
An in-depth look at Accounting Rate of Return (ARR), including its definition, historical context, variations, importance, applicability, and more.
Accounting Records: Proper Statutory Books
An in-depth look at accounting records, their historical context, categories, importance, applicability, and examples, along with related terms and FAQs.
Accounting Research: Systematic Investigation into Accounting Practices and Principles
Comprehensive exploration into the study of accounting practices, principles, and theories, delving into historical context, methodologies, key events, and practical applications.
Accounting Series Release: Financial Reporting Guidance
Detailed exploration of Accounting Series Releases (ASRs), their historical significance, and their evolution into Financial Reporting Releases (FRRs) in the USA.
Accounting Standard: Definitive Standards for Financial Accounting and Reporting
Accounting standards are authoritative standards for financial accounting and reporting, such as the Financial Reporting Standards issued by the Financial Reporting Council in the UK or the International Financial Reporting Standards issued by the International Accounting Standards Board. In the USA, the responsibility falls on the Financial Accounting Standards Board. These standards provide rules and procedures for the measurement, valuation, and disclosure of accounting transactions.
Accounting Standards: Principles, Guidelines, and Importance
Accounting Standards are a set of principles and guidelines that guide financial reporting to ensure consistency, transparency, and integrity. They are set by authoritative bodies to dictate how financial transactions should be recorded and reported.
Accounting Standards Board: Overview and Historical Context
An in-depth look at the Accounting Standards Board (ASB), its history, functions, key developments, and its eventual transition into the Financial Reporting Council.
Accounting Standards Board (ASB): UK Accounting Standards Development
The UK body responsible for the creation and issuance of accounting standards before its merger into the FRC. The successor to the ASC and predecessor to the Accounting Council.
Accounting Standards Committee: Overview and Historical Impact
An in-depth look at the Accounting Standards Committee, its formation, evolution, and contributions to financial reporting and accounting standards in the UK.
Accounting Standards Committee (ASC): The Predecessor to the ASB
The Accounting Standards Committee (ASC) was an organization that played a crucial role in the development and issuance of accounting standards in the United Kingdom until it was replaced by the Accounting Standards Board (ASB).
Accounting System: Comprehensive Overview
An in-depth exploration of Accounting Systems, their historical context, types, key events, detailed explanations, and practical applications.
Accounting Technician: Book-Keeping Professional
An in-depth exploration of the role and significance of Accounting Technicians, including historical context, key duties, qualifications, and related terms.
Accounts: Comprehensive Overview
An in-depth look at accounts, encompassing definitions, historical context, types, key events, mathematical formulas, and more.
Accounts Payable: An Overview of Trade Payables
Accounts payable, often known as trade payables, are short-term liabilities representing money owed by a business to its suppliers for goods and services received but not yet paid for.
Accounts Receivable: Trade Receivables Explained
Accounts Receivable, or Trade Receivables, refers to the outstanding invoices a company has or the money clients owe the company for products or services provided on credit.
Accounts Receivable: Understanding Business's Expected Incomes
Accounts Receivable represents the outstanding invoices or money owed to a firm by its customers. This article provides an in-depth analysis of its historical context, types, key events, and more.
Accounts Receivable Turnover Ratio: Measure of Collection Efficiency
The Accounts Receivable Turnover Ratio evaluates how efficiently a company collects revenue from its customers by comparing net credit sales to average accounts receivable.
Accretion: An Increase in Asset Value Due to Physical Change
An in-depth look at accretion, explaining how the value of an asset can increase due to physical changes, and not merely due to market fluctuations. Covers historical context, types, key events, mathematical models, charts, applicability, and more.
Accrual: Estimation of Liabilities in Business Accounts
Accrual accounting involves estimating liabilities not supported by invoices at the time accounts are prepared, crucial for reflecting accurate financial status.
Accrual Accounting: A Comprehensive Overview
An in-depth guide to understanding accrual accounting, including its definition, history, types, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, and FAQs.
Accrual Basis: Accounting Method
The accrual basis is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
Accrual Basis Accounting: Comprehensive Overview
An in-depth look at accrual basis accounting, a method of recording revenues and expenses when they are incurred, irrespective of cash flow.
Accrual Basis of Accounting: Comprehensive Overview
An in-depth look at the accrual basis of accounting, its historical context, key principles, importance, applicability, and related terms.
Accrual Basis Taxpayer: Comprehensive Definition
A deep dive into the concept of Accrual Basis Taxpayer, including its definition, types, considerations, examples, historical context, applicability, and related terms.
Accrual Entry: Financial Recording Before Cash Transaction
An entry to record revenue or expense in the period it’s earned or incurred, even if cash transaction has not occurred yet.

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