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Accounting
Historical cost
Constant purchasing power
Management
Tax
Major types
Audit
Budget
Cost
Forensic
Financial
Fund
Governmental
Management
Social
Tax
Key concepts
Accounting period
Accrual
Constant purchasing power
Economic entity
Fair value
Going concern
Historical cost
Matching principle
Materiality
Revenue recognition
Unit of account
Selected accounts
Assets
Cash
Cost of goods sold
Depreciation / Amortization (business)
Equity
Expenses
Goodwill
Liabilities
Profit
Revenue
Accounting standards
Generally-accepted principles
Generally-accepted auditing standards
Convergence
International Financial Reporting Standards
International Standards on Auditing
Management Accounting Principles
Financial statements
Annual report
Balance sheet
Cash-flow
Equity
Income
Management discussion
Notes to the financial statements
Bookkeeping
Bank reconciliation
Debits and credits
Double-entry system
FIFO and LIFO
Journal
Ledger / General ledger
Trial balance
Auditing
Financial
Internal
Firms
Report
Sarbanes–Oxley Act
People and organizations
Accountants
Accounting organizations
Luca Pacioli
Development
History
Research
Positive accounting
Sarbanes–Oxley Act
Misconduct
Creative
Earnings management
Error account
Hollywood
Off-balance-sheet
Two sets of books
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An error account is a type of account used for storing compensation for errors in trading, a transaction that is not posted in a timely manner because of inconsistencies, such as an incorrect account or routing numbers to the wrong name on the account, producing a claim that needs to be resolved as soon as possible so payments can be made.
An erroraccount is a type of account used for storing compensation for errors in trading, a transaction that is not posted in a timely manner because...
involve collusion with third parties. An accountingerror is an unintentional misstatement or omission in the accounting records, for example misinterpretation...
be paid within discounting terms, and nearly 2% containing errors. In households, accounts payable are ordinarily bills from suppliers such as an electric...
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions...
that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts. For...
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that...
In statistical hypothesis testing, a type I error, or a false positive, is the rejection of the null hypothesis when it is actually true. For example...
to hide such a massive error and keep his job was to hide it in the erroraccount. Leeson insists that he never used the account for his own gain, but...
In economics, unit of account is one of the functions of money. A unit of account is a standard numerical monetary unit of measurement of the market value...
The standard error (SE) of a statistic (usually an estimate of a parameter) is the standard deviation of its sampling distribution or an estimate of that...
to minimize errors in documenting the numerous activities a business entity may initiate or complete over an accounting period. Accounting Comparison of...
In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating...
Observational error (or measurement error) is the difference between a measured value of a quantity and its unknown true value. Such errors are inherent...
Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate...
Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...
£100 is debited to the Sales account, and credited to the Cash account. Such an error will not affect the totals. An error of reversal may occasionally...
Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards...
Hollywood accounting (also known as Hollywood bookkeeping) is the opaque or creative set of accounting methods used by the film, video, television and...
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals...
An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers...
to complete the request 4xx client error – the request contains bad syntax or cannot be fulfilled 5xx server error – the server failed to fulfil an apparently...
factors, we still commit the fundamental attribution error. This is because we do not take into account behavioral and situational information simultaneously...
A basis of accounting is the time various financial transactions are recorded. The cash basis (EU VAT vocabulary cash accounting) and the accrual basis...
In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's...