What Is Cost Accounting? Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing all of its variable and fixed costs. Cost...
Financial Accounting definition - What is meant by the term Financial Accounting ? meaning of IPO, Definition of Financial Accounting on The Economic Times.
What Is Tax Accounting? Tax accounting is a structure of accounting methods focused on taxes rather than the appearance of public financial statements. In short, tax accounting is the means...
What Is an Accounting Standard? An accounting standard is a common set of principles... financial accounting policies and practices. Key Takeaways An accounting standard is a set of...
What Is an Accounting Method? An accounting method refers to the rules that a company follows... The two primary methods of accounting are accrual accounting (generally used by companies)...
What Is Creative Accounting? Creative accounting consists of accounting practices that follow required laws and regulations but capitalize on loopholes in accounting standards to falsely...
The term is also commonly used in corporate accounting. In business bookkeeping, this plain definition can get tricky. A transaction may be recorded by a company earlier or later depending...
What Is the Equity Method of Accounting? The equity method is an accounting technique used to... Under the equity method of accounting, the investor company reports the revenue earned by...
What Is Cash Accounting? Cash accounting is an accounting method where payment receipts are recorded during the period in which they are received, and expenses are recorded in the period in...
What Are the Generally Accepted Accounting Principles (GAAP)? The generally accepted accounting principles (GAAP) are a set of accounting rules, standards, and procedures issued and...