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In terms of its accounting treatment, an expense is recorded immediately and impacts directly the income statement of the company, reducing its net profit. In contrast, a capital expenditure is capitalized , recorded as an asset and depreciated over time.
The capitalization of geographic terms in English text generally depends on whether the author perceives the term as a proper noun, in which case it is capitalized, or as a combination of an established proper noun with a normal adjective or noun, in which case the latter are not capitalized. There are no universally agreed lists of English ...
Generally acronyms and initialisms are capitalized, e.g., "NASA" or "SOS". Sometimes, a minor word such as a preposition is not capitalized within the acronym, such as "WoW" for "World of Warcraft". In some British English style guides, only the initial letter of an acronym is capitalized if the acronym is read as a word, e.g., "Nasa" or ...
Under the modified cash method of accounting, most income and expenses are determined under cash receipts and disbursements, but purchases of equipment and items whose benefit will cover more than one year is to be capitalized, whereas such items as depreciation and amortization are charged to cost. [3]
Generally Accepted Accounting Principles (GAAP) [a] 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.
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.
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 abbreviation for Cost of Equity (COE).
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.