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Accountant Terms


  > Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.
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  > Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
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  > Account
A collection of financial information grouped according to customer or purpose.
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Latest News
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Jan 15, 2007 - Accounting Periods When Preparing A Statement Of Income
When preparing a statement of income and expenses (generally your income tax return), you must use your books and records ...
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Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T...
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Aug 22, 2005 - Discipline Against The Respondent
On October 29, 2001, bar counsel filed a five-count petition for discipline against the respondent. On February 27, 2002, ...
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