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Accounting. Generally Accepted Accounting Principles ( GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) [1] and is the default accounting standard used by companies based in the United States . The Financial Accounting Standards Board (FASB) publishes ...
e. Cost accounting is defined by the Institute of Management Accountants as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, allocating, aggregating and reporting such costs and comparing them ...
Big Four accounting firms. The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. [1] The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and ...
An operating expense [a] is an ongoing cost for running a product, business, or system. [1] Its counterpart, a capital expenditure (capex), is the cost of developing or providing non-consumable parts for the product or system. For example, the purchase of a photocopier involves capex, and the annual paper, toner, power and maintenance costs ...
Microsoft Office Accounting. Microsoft Office Accounting (formerly Small Business Accounting) is a discontinued accounting software application from Microsoft targeted towards small businesses that had between 1 and 25 employees. The last version, Microsoft Office Accounting 2009, was available in both Express and Professional editions.
CPA Canada. / 43.644556°N 79.3913500°W / 43.644556; -79.3913500. Chartered Professional Accountants of Canada ( CPA Canada) ( French: Comptables professionnels agréés du Canada) is the national organization representing the Canadian accounting profession through the unification of the three largest accounting organizations: the ...
Following three points are important in the process of Inflation Accounting : 1. Inflation accounting is the practice of adjusting financial statements according to price indexes. 2. Numbers are restated to reflect current values in hyper inflationary business environments. 3.
Profit, in accounting, is an income distributed to the owner in a profitable market production process ( business ). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use. Income formation in market production is always a ...