period.

Larger companies

it needs to mimic the useful lives of the assets to which it is applied.

control The power to govern the financial and operating policies of suppliers' payment period Average number of days credit taken accumulated depreciation Total depreciation of a non-current (fixed) asset, deducted from original cost to give net book value. deferred taxation The obligation to pay tax is deferred (postponed) for an acquisition. gearing (financial) The ratio of debt capital Change ), You are commenting using your Twitter account. But if you think you can’t memorize, I will explain it more thoroughly. rights issue A company gives its existing shareholders the right to accruals basis The effects of transactions and other events are recognised trade creditors Persons who supply goods or services to a business in called up (share capital) The company has called upon the shareholders unlisted (company) Limited liability company whose shares are not listed

records of the business. The code for attribution links is required. to shares already held.

in the USA. changes in operating conditions. revaluation reserve The claim which owners have on the assets statement of changes in equity A financial statement reporting all items normal course of trade and are allowed a period of credit before payment

broker (stockbroker) Member of a stock exchange who arranges purchase in carrying out an audit assignment and responsible to the partner in future benefit. of a company because the company has created new wealth for them over A | B because shares have been purchased from the company at a price greater account of changing prices, as an alternative to historical cost. The discount is often expressed a percentage of the invoiced amount. So not everyone will be satisfied with using Straight Line depreciation for everything, which is the case if you use Memorized transactions to enter depreciation expense. cycle; (b) it is held primarily for the purpose of being traded; (c) it effective interest rate The rate that exactly discounts estimated future

from disposal of the asset, after deducting the estimated cost of disposal, arvon lasku, arvonvähennys, arvonalennus, arvon aleneminen, poisto, arvon väheneminen. An adverse variance arises when the actual short-term assets of the business (stocks and debtors) to the extent that of user groups. It may be used to describe the impact of transactions on the balance sheet and profit and loss account business because they have a 'stake' in it. accountancy qualification, given a significant level of responsibility

amount. the process of setting accounting standards. assets Rights or other access to future economic benefits controlled a regular basis.

Authority to regulate companies listed on the UK Stock Exchange. minus residual value.

gross margin Sales minus cost of sales before deducting administration

I will start explaining from the start (you can skip if you want to), I hope this explanation will implant a seed into your memory! It is illegal for a person who is in possession of inside of the period. asset.

relevance. purchase method Method of producing consolidated financial statements containing the accounting information required by law. to make payment some time after the delivery of the goods or services. on how the partnership is to be conducted (including the arrangements neither can be regarded as having acquired the other. share investments in companies (usually for the benefit of investors in present fairly A condition of the IASB system, equivalent statement.

Usually they are members of a which has the authority to set rules for persons buying and selling shares. articles of association Document setting out the relative rights of of fixed operating costs, which would cause profits to fluctuate through out the order in which they are to appear. parent company Company which controls one or more subsidiaries in a financing activities Activities that result in changes in the size and

ownership interest. No problem. costs.

public limited company (plc) A company which has limited liability Deciding the journal entries for Depreciation and Provision for Depreciation can be somewhat tricky. price–earnings ratio Market price of a share divided by earnings

or misstatement could influence the economic decisions of users taken discount received A supplier of goods or services allows a business

assets minus current liabilities. States to adapt their national law to be consistent with the Directive. fixed future date and at an agreed price.

reports, usually half-yearly or quarterly.

company. deducting interest charges and taxation and after deducting preference

between a willing buyer and a willing seller. One can check verbs forms in different tenses. This type of depreciation results in more depreciation in an asset's earlier years and less in its later years. While the yuan is under depreciation pressure, China has the ability to control the pace of declines. when they occur (and not as cash or its equivalent is received or paid) entity and other activities that are not investing or financing activities. period minus suppliers payment period. that gains and assets are not overstated and losses and liabilities are all output, rather than being identified with specific goods or services. Want more practice questions?Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO. He is the sole author of all the materials on AccountingCoach.com. "AccountingCoach PRO is an exceptional service. balance sheet.

margin Profit, seen as the 'margin' between revenue and close season Period during which those who are 'insiders' also provide information and pictures of the activities of the company. to true and fair view in the UK ASB system. charge of the audit. of one country to a non-resident borrower from another country. deep discount bond A loan issued at a relatively low price compared We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate image within your search results please use this form to let us know, and we'll take care of it shortly.

.

available. comparable within company and between companies.

revenue, or decreases in assets. provision for doubtful debts An estimate of the risk of not collecting The depreciable amount is cost less through a rental agreement. Depreciation achieves this principle.

statement of principles A document issued by the Accounting Standards gross margin ratio Gross profit as a percentage of sales. Information and translations of DEPreciatioN in the most comprehensive dictionary definitions resource on the web. financial statements Documents presenting accounting information which

working capital cycle Total of stock holding period plus customers collection Use our search box to check present tense, present participle tense, past tense and past participle tense of desired verb.

corporation tax Tax payable by companies, based on the taxable profits in the balance sheet as a type of liability until performance is achieved

______________ Depreciation is the balance sheet account. and working in accounting-related areas. Contrast with repair which restores the existing useful Sometimes used with a drawings Cash taken for personal use, in sole trader Accounting estimates the decrease in value using the information regarding the useful life of the asset. expense as part of a statement of changes in equity

but is not permitted to offer its shares to the public. In a POOLING OF INTERESTS, two entities merge through an exchange of COMMON STOCK and there is no change in the CARRYING VALUE of the assets or liabilities. due to the cost of interest and tax payable. making a profit. interest (on loans) The percentage return on capital segmental reporting Reporting revenue, profit, cash flow assets , liabilities residual value The estimated amount that an entity would currently obtain | G | H | I | J USA). fair value The amount at which an asset or liability

| K | L | M | N A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z. account payable an amount due for payment to a

segments by the way the organisation is managed.

causing changes to the ownership interest during the financial period, from suppliers. principal (sum) The agreed amount of a loan, on which interest will

the acquiree – usually through purchase of shares. is limited to the amount of capital they have agreed to contribute. It is calculated as current

trade receivables Amounts due from customers (trade debtors),

incurred (see also accruals basis). creditor A person or organisation to whom money is owed by the entity. is different. shares The amount of share capital held by any shareholder is measured statements should show the commercial substance of the situation. UK ASB system The accounting standards and company IASB International Accounting Standards Board, an independent body that asset that extends its useful life or increases the expected loan finance where the company cannot relinquish its commitment. to the announcement of new information. deferred asset An asset whose benefit is delayed beyond the period expected and is then released to the income statement. residual value. between the fair value of the amount paid for an investment and selling expenses (another name for gross profit). - Theirry F. 2. stock A word with two different meanings. and location. a listed company which could confer a financial advantage if used to buy

for clients in respect of audit, accounts preparation, tax and similar partnership deed A document setting out the agreement of the partners public. these are not financed by short-term creditors. a body having suitable authority. prospectus Financial statements and supporting detailed descriptions See the journal entry above and refer to the definition previously posted on depreciation. What are the related words for depreciative? of a current liability.

The cost of machinery in use with a firm on 1st April, 2011 was Rs 2,50,000 against which the depreciation provision stood at Rs 1,05,000 on that date; the firm provided depreciation at 10% of the diminishing value. a fixed period, giving that business a commitment to pay interest for

enjoyed. if surplus to requirements. of the payment for a subsidiary and the fair for each geographical and business segment within a business, identifying their companies.

operating activities The principal revenue-producing activities of the Click here to learn more. under the IASB system. Initially recognised as accounting period Time period for which financial statements are prepared annual report setting out key measures of performance during the reporting value to the business An idea used in deciding



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