By R Hussey
Read or Download Oxford Dictionary of Accounting PDF
Best accounting books
Locate all the following defined in Plain-English with out technical jargon:
The Accounting Equation and why it's so significant
How to learn and get ready monetary statements
How to calculate and interpret numerous varied monetary ratios
The innovations and assumptions at the back of normally permitted Accounting ideas (GAAP)
Preparing magazine entries with debits and credits
Cash process vs. accrual method
Inventory and price of products Sold
How to calculate depreciation and amortization costs
In line with unique examine, this ebook marks an immense strengthen in our figuring out not just of the economic assets on hand to the English crown but in addition of the wider political tradition of early Tudor England. An unique examine of taxation less than the early Tudors. Explains the importance of the parliamentary lay taxation levied on members at the present.
Finds new methodologies for asset pricing inside a world asset allocation framework. comprises state-of-the-art empirical learn on international markets and sectors of the worldwide financial system. Introduces the Black-Litterman version and the way it may be used to enhance worldwide asset allocation judgements.
- Financial Accounting and Reporting, 12th Edition
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- Advances in Management Accounting, Volume 14
- Higher Analysis
Extra resources for Oxford Dictionary of Accounting
This provision is based on the company's past history of bad debts and its current expectations. A general provision is often based on a percentage of the total credit sales, for example 2% of credit sales made during the period. Back - New Search accounts receivable collection period The time given to customers in which to pay their accounts. It is common to require customers to pay within 30 days, although in practice the collection period is often not respected. As late-paying customers can often cause major cash-flow problems, a chronological analysis of outstanding debtor amounts should be produced monthly to ensure that all outstanding amounts are followed up by reminders.
Changing the boundaries of the accounting entity can have a significant impact on the accounts themselves, as these will reflect the purpose of the accounts and for whom they are prepared. Back - New Search accounting equation (balance-sheet equation) The formula underlying a balance sheet; it can be expressed as: assets = liabilities + capital. An increase or decrease in the total assets of a concern must be accompanied by an equal increase or decrease in the liabilities and capital in order to ensure that a balance sheet will always balance.
Back - New Search actuary A person trained in the mathematics of statistics and probability theory. Some are employed by insurance companies to calculate probable lengths of life and advise insurers on the amounts that should be put aside to pay claims and the amount of premium to be charged for each type of risk. Actuaries also advise on the administration of pension funds. The work of the actuary is separate from that of the accountant, although there are certain areas in which they are required to collaborate, particularly in accounting for pension costs under Statement of Standard Accounting Practice 24.