tailieunhanh - THE ACCOUNTING DICTIONARY

· Learn more about the subject, by reading and where possible by talking to others with experience in the area. This learning should cover the purpose of the accounts, the policy questions which they could answer, the different methods for structuring them, and so on. · Bring together the key players in the country and help them learn about the subject. Key players may include representatives of the national accounting office, the national bank and the ministries of environment, finance, planning, or economy; academics and researchers on economy-environment linkages; and concerned environmental or sustainable development organizations. Further decisions about the accounting project should be made by these key. | ACCOUNTING DICTIONARY A Account a record summarizing all the information pertaining to a single item in the accounting equation Account balance the amount in an account Account number the number assigned to an account Account title the name given to an account Accounting planning recording analyzing and interpreting financial information Accounting cycle the series of accounting activities included in recording financial information for a fiscal period Accounting equation an equation showing the relationship among assets liabilities and owner s equity Accounting period see Fiscal period Accounting records organized summaries of a business s financial activities Accounting system a planned process for providing financial information that will be useful to management Accounts expenses expenses incurred in one fiscal period but not paid until a later fiscal period Accounts payable ledger a subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account Accounts receivable ledger a subsidiary ledger containing only accounts for charge customers Accounts receivable turnover ratio the number of times the average amount of accounts receivable is collected during a specified period Accrual basis of accounting the accounting method that records revenues when they are earned and expenses when they are incurred Accrued expenses expenses incurred in one fiscal period but not paid until a later fiscal period Accrued interest expense interest incurred but not yet paid Accrued interest income interest earned but not yet received Accrued revenue revenue earned in one fiscal period but not received until a later fiscal period Accumulated depreciation the total amount of depreciation expense that has been recorded since the purchase of a plant asset Acid-test ratio a ratio that shows the numeric relationship of quick assets to current liabilities Adjusting