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2. Flexible spending account - Wikipedia

   en.wikipedia.org/wiki/Flexible_spending_account

   In the United States, a flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as the "use it ...

3. Fixed Budget vs. Flexible Budget: What’s the Difference and ...

   www.aol.com/fixed-budget-vs-flexible-budget...

   Unlike flexible budgets, static or fixed budgets predict income and expenses in advance. Income is anticipated to stay the same and as a result, expenses must also remain the same.

4. Cost accounting - Wikipedia

   en.wikipedia.org/wiki/Cost_accounting

   Cost accounting is defined by the Institute of Management Accountants as "a systematic set of procedures for recording and ... These categories are flexible ...

5. Double-entry bookkeeping - Wikipedia

   en.wikipedia.org/wiki/Double-entry_bookkeeping

   Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. . Every entry to an account requires a corresponding and opposite entry to a different acco

6. Convention of consistency - Wikipedia

   en.wikipedia.org/wiki/Convention_of_consistency

   In accounting, the convention in consistency is a principle that the same accounting principles should be used for preparing financial statements over a number of time periods. [ 1 ] [ 2 ] This enables the management to draw important conclusions regarding the working of the concern over a longer period. [ 3 ]

7. The Best Bank Account Type for Each of Your Financial Goals - AOL

   www.aol.com/best-bank-account-type-financial...

   Best for the financial goal: Tracking your spending, building your budget and keeping a reliable and flexible account for everyday expenses Checking and savings accounts are the bread and butter ...