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An accounting period, in bookkeeping, is the period with reference to which management accounts and financial statements are prepared. In management accounting the accounting period varies widely and is determined by management. Monthly accounting periods are common.
A chart of accounts (COA) 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.
The accounting equation is the mathematical structure of the balance sheet. Although a general ledger appears to be fairly simple, in large or complex organizations or organizations with various subsidiaries, the general ledger can grow to be quite large and take several hours or days to audit or balance.
OCF – Operating cash flow; OECD – Organisation for Economic Co-operation and Development; OEM – Original equipment manufacturer; OIBDA – Operating income before depreciation and amortization; OKR – Objectives and key results; OOF – Out of facility, used interchangeably with out of office and originating from the Microsoft Xenix mail ...
Management accounting is an organization's internal set of techniques and methods used to maximize shareholder wealth. Throughput Accounting is thus part of the management accountants' toolkit, ensuring efficiency where it matters as well as the overall effectiveness of the organization. It is an internal reporting tool.
Accounting period – period with reference to which accounting books of any entity are prepared. Accrual – in finance, the adding together of interest or different investments over a period of time. Bookkeeping – Bookkeeping is the recording of financial transactions.
Full Load hour is a measure of the degree of utilisation of a technical system. [1] [2] [3] Full load hours refer to the time for which a plant would have to be operated at nominal power in order to convert the same amount of electrical work as the plant has actually converted within a defined period of time, during which breaks in operation or partial load operation can also occur.
Days payable outstanding (DPO) is an efficiency ratio that measures the average number of days a company takes to pay its suppliers.. The formula for DPO is: = / / where ending A/P is the accounts payable balance at the end of the accounting period being considered and Purchase/day is calculated by dividing the total cost of goods sold per year by 365 days.