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Double-Entry Accounting

Business / Accounting / Double-Entry Accounting: A system of recording transactions in a way that maintains the equality of the accounting equation.
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Financial Accounting

Business / Accounting / Financial Accounting: The area of accounting concerned with reporting financial information to interested external parties. MORE

Financial Accounting Standards Board (FASB)

Business / Accounting / Financial Accounting Standards Board (FASB): The private organization responsible for establishing the standards for financial accounting and reporting in the United States. MORE

Generally Accepted Accounting Principals (GAAP)

Business / Finance / Generally Accepted Accounting Principals (GAAP): The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice. MORE

Equity Method Or Accounting For Investments In Stocks

Business / Accounting / Equity Method Or Accounting For Investments In Stocks: Method used to account for an investments in the stock of another company when significant influence can be imposed (presumed to exist when 20 to 50 percent of the outstanding voting stock is owned). MORE

Double-Entry Book-Keeping

Business / Accounting / Double-Entry Book-Keeping: A system which accounts for every aspect of a transaction - where it came from and where it went to. This from and to aspect of a transaction (called crediting and debiting) is what the term double-en MORE

Current Cost Accounting

Business / Accounting / Current Cost Accounting: The valuing of assets, stock, raw materials etc. at current market value as opposed to its historical cost . MORE