Accounting Definitions
Accounting definitions are defined by different authors in different ways. Accounting definitions are easy to understand and in easy language. Accounting definitions provides proper guideline & process in the preparation of different accounts of any thing.
Accounting Noise can be defined as the distortion or disturbance that occurred within the financial statements of a business entity or a business corporation due to the lack of following accounting rules and regulations that must be followed to maintain accurate financial statements. Due
The actual cash value can be defined as the amount that is equal to the replacement cost deducting the depreciation of the asset or the property at the time of the loss while the property or asset is being damaged or stolen. The actual
Additional collateral is a collection of additional assets by a borrower against the debt obligation to make sure that the borrower has an ability to repay the acquired debt. The major objective of the additional collateral is to minimize the risk of nonpayment of
The term adjusted gross income can be used for both an individual and a business company. Adjusted Gross income defines the amount of the income for a business company or an individual that is taxable. The method of calculating adjusted gross income is quite
A warranty can be defined as a guarantee, claim or assurance that a manufacturer, retailer or a similar party makes to a customer about their product or services. The warranty is a document that also states the situation or occurrence that will results in
Warranty deed can be defined as a legal document that can be used to transfer property from one party to the other in a legal manner. This document claims that the owner of the property can legally transfer its property to any other party
A managed currency can be defined as a currency foreign or local whose exchange rates can be affected and can be changed by the intervention of a third party such as central bank. This concept is opposite the determining price of those currencies where
A business broker is a person that is expert in the sales and purchase of the companies not the goods or services of the companies. A business broker facilitates the investors and the individuals that are interested in the sales and purchase of their
Offering price can be defined as the price that is offered for the publicly issued securities. These publicly issued securities are presented for purchase by the investment banks underwriting the issue. The offering price of a publicly issued security also includes the fee of
The sales variance can be defined as the difference between the quantities of different types of products or product mix actually purchased by the business as compared to the quantity of product or service expected by the business to be sold. The major objective
Sales Lead can be defined as a lead of a new sale that means the occurrence of the prospective customer of a product or service of a given business that is created by word of mouth publicity, recommendation or some other source. A sales
Leveraged Buyout is a process of acquisition in which the acquiring company uses a large amount of borrowed money in order to acquire the other company. The borrowed money is used to bear the cost of the acquisition and it may include bonds and
Accounting postulate can be defined as a fundamental and basic assumption in the field of accounting. Accounting postulate can be described as underlying axioms that are the biases of all the further assumptions, calculations and decisions in the field of accounting. Accounting postulates can
Controlled disbursement is cash controlling and cash management technique that is employed at the corporate sector of the market. With the help of controlled disbursement the corporate sector regulates and checks the flow of cheaques between the business and the banks. This process is
Book value of equity per share is a financial figure that represents the minimum value of a company’s equity with perspective of per share assessment of the company. In order to calculate this value the original value of the common stock of a company
Relative Strength index is an indicator of strength and momentum within a business that is used to compare the weight age of recent profits to the weight age of recent losses. These profits and losses are related to an asset and are compared in
Permanent current assets are the minimum amount of current assets required by the business to smoothly run its current business operations. These are the current assets that are used for a shorter span of life and usually replaced by other current assets during a
Percentage lease is an accounting concept that is associated with a leased space at which a company or any entity is doing its business. We all know whenever a business acquires premises for doing business activities on lease it has to pay a rent