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K – Is used as an abbreviation for 1,000. For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an
Pages in category "Accounting terminology" The following 98 pages are in this category, out of 98 total. This list may not reflect recent changes. 0–9. 80:125 rule; A.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
An acronym is a type of abbreviation formed from the initial components of the words of a longer name or phrase, Lists of acronyms; Three-letter acronyms; List of government and military acronyms; List of U.S. government and military acronyms; List of U.S. Navy acronyms
Accounting Standards Codification, the only source of authoritative nongovernmental U.S. GAAP. In 2009, the Codification superseded the FASB's Statements of Financial Accounting Standards. 168 standards had been issued before the Codification. Concepts Statements, first issued in 1978. They are part of the FASB's conceptual framework project ...
A macronym, or nested acronym, is an acronym in which one or more letters stand for acronyms (or abbreviations) themselves. The word "macronym" is a portmanteau of "macro-" and "acronym". Some examples of macronyms are: XHR stands for "XML HTTP Request", in which "XML" is "Extensible Markup Language", and HTTP stands for "HyperText Transfer ...
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The Financial Accounting Standards Advisory Council then voiced its concerns due to the increase of financial reporting guidance from the old U.S. GAAP standards, and the FASB responded by launching a new project to codify the standards. The project was approved in September 2004 by the Trustees of the Financial Accounting Foundation. [2]