Accounting - All Category Financial Accounting General Accounting IFRS All Level Advance Intermediate Principle   Glossary

	Revenue Recognition [ Financial Accounting - Intermediate ] Revenue were determined as the increase of net current assets that cause from the delivery, sale of goods, production of goods for sales, service providing from activities which normally ... By Mr. Chey Vong  Posted on 14-Sep-2005
	The General Ledger [ Financial Accounting - Principle ] While the journal lists transactions in chronological order, its format does not facilitate the tracking of individual account balances. The general ledger is used for this purpose. By Bora Kea  Posted on 25-Aug-2005
	Financial Accounting [ Financial Accounting - Principle ] Introduction The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports... By Bora Kea  Posted on 16-Aug-2005
	Financial Accounting Standards [ Financial Accounting - Principle ] Accounting standards are needed so that financial statements will fairly and consistently describe financial performance. Without standards, users of financial statements would need to learn... By Bora Kea  Posted on 04-Aug-2005
	Double Entry Bookkeeping [ Financial Accounting - Principle ] A business transaction involves an exchange between two accounts. For example, for every asset there exists a claim on that asset, either by those who own the business or those who loan money to the business... By Bora Kea  Posted on 19-Jun-2005
	Debits and Credits [ General Accounting - Principle ] n double entry accounting, rather than using a single column for each account and entering some numbers as positive and others as negative, we use two columns for each account and enter only positive numbers... By Bora Kea  Posted on 09-Jun-2005
	Accounting for Merchandising Activities [ General Accounting - Principle ] America is the land of creative merchandising. It is the birthplace of television shopping channels, mail-order catalogs, and membership warehouse clubs. Merchandising business range in size from sidewalk vendors to corporate giants... By Bora Kea  Posted on 30-May-2005
	THE ACCOUNTING CYCLE [ Financial Accounting - Principle ] Throughout the accounting Period you, the Accountant, have to analyze the transactions as they occurred and either had them recorded as affecting items (Asset, Liability, ...) By Bora Kea  Posted on 19-May-2005
	Business Income: Measurement & Adjustment [ Financial Accounting - Principle ] Revenue - Expense = Net Income or Net Loss - Revenue: The increase in the capital resulting from the sale of goods or rendering of services by the business. In amount, the revenue is equal to the cash and receivables... By Bora Kea  Posted on 11-May-2005
	Measuring & Recording Business Transactions [ General Accounting - Principle ] A separate account is maintain for each item that appears on the balance sheet (assets, liabilities and owner's equity), and on the income statement (revenue and expense) By Bora Kea  Posted on 07-May-2005
	The Balanced Scorecard [ General Accounting - Principle ] Traditional financial reporting systems provide an indication of how a firm has performed in the past, but offer little information about how it might perform in the future... By Bora Kea  Posted on 30-Apr-2005
	Adjustment Entries [ Financial Accounting - Principle ] In the accounting process, there may be economic events that do not immediately trigger the recording of the transaction... By Bora Kea  Posted on 28-Apr-2005
	Financial Statements [ Financial Accounting - Principle ] Businesses report information in the form of financial statements issued on a periodic basis. GAAP (Generally Accepted Accounting Principles) requires the following four financial statements By Bora Kea  Posted on 28-Apr-2005
	Accounting Concept Underlying Assumptions... [ Financial Accounting - Principle ] Financial accounting relies on several underlying concepts that have a significant impact on the practice of accounting By Bora Kea  Posted on 28-Apr-2005
	The Accounting Equation [ General Accounting - Principle ] The resources controlled by a business are referred to as its assets. For a new business, those assets originate from two possible sources... By Bora Kea  Posted on 27-Apr-2005
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