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Find the meaning of various abbreviations used in a business or financial context, such as AP, AR, B2B, CFO, etc. The list is organized alphabetically by letter and includes examples of usage and links to related topics.
A professional designation is a credential or certification that indicates a person's expertise or qualification in a specific field or profession. This web page provides a comprehensive list of professional designations in various fields, such as accounting, finance, actuarial, architecture, and more.
Management accounting is the use of accounting information in decision-making and management by managers within an organization. It differs from financial accounting in scope, focus, and approach, and involves various fields and functions such as cost accounting, performance evaluation, and risk management.
Payroll is a list of employees and their compensation, as well as the records and taxes of payments made to them. Learn about payroll frequency, gross pay, deductions, reimbursements, taxes, and wage garnishments, and how to outsource payroll processing.
A chart of accounts is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Learn about the types, structure, administration and international aspects of charts of accounts.
An income statement shows the revenues and expenses of a company or organization during a period of time. It indicates how the revenues are transformed into the net income or net profit, and it is useful for assessing the financial performance and capability of generating future cash flows.
IFRS are accounting standards issued by the IFRS Foundation and the IASB to describe the financial performance and position of companies across international boundaries. Learn about the origin, development, application and principles of IFRS and how they differ from US GAAP.
A cash flow statement is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents. It breaks the analysis down to operating, investing and financing activities and is useful in determining the short-term viability of a company.