Accounting
101Accounting Event — A transaction or change recognized on the financial statements of an accounting entity. Accounting events can be either external or internal. An external transaction would occur with an outside party, such as the purchase or sales of a good. An… …
102Accounting Postulate — A fundamental assumption in the field of accounting. Like any field, the present system of accounting has certain underlying axioms which form the basis of the all further work. Accounting postulates are generally very well agreed upon and form… …
103Accounting Principles — The rules and guidelines that companies must follow when reporting financial data. The common set of accounting principles is the generally accepted accounting principles (GAAP). To remain listed on many major stock exchanges in the U.S.,… …
104Accounting Historians Journal — A U.S. referred accounting history journal. Established in 1974 and published semi annually by the *Academy of Accounting Historians, the journal is available in print format only. Its editorship changes annually. This highly scholarly journal… …
105Accounting Equation — The equation that is the foundation of double entry accounting. The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company’s shareholders. Thus, the accounting equation is …
106Accounting Hall Of Fame — A prominent award in the field of accounting. The Accounting Hall of Fame was started by Ohio State University in 1950. The award is highly selective, and is given only to very prominent accountants who have made lasting contributions to the… …
107Accounting Measurement — The computation of economic or financial activities in terms of money, hours or other units. An accounting measurement is a unit of some measurable element that is used to compare and evaluate accounting data. Accounting is often measured in… …
108Accounting Policies — The specific policies and procedures used by a company to prepare its financial statements. These include any methods, measurement systems and procedures for presenting disclosures. Accounting policies differ from accounting principles in that… …
109Accounting Ratio — A way of expressing the relationship between one accounting result and another, which is intended to provide a useful comparison. Accounting ratios assist in measuring the efficiency and profitability of a company based on its financial reports.… …
110Accounting Records — All of the documentation and books involved in the preparation of financial statements or records relevant to audits and financial reviews. Accounting records include records of assets and liabilities, monetary transactions, ledgers, journals,… …
