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[PDF File]Your pocket guide to understanding financial terms
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financial literacy and to address the issue of access to financial products and services for those with literacy and numeracy difficulties. This A-Z Pocket Guide to Understanding Financial Terms is just one of the achievements of EBS’s partnership with NALA. Having launched it originally in 2004 we have now updated it with modern
basic accounting terms and definitions

[PDF File]General Accounting Terms and Definitions
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General Accounting Terms and Definitions Accounting Cycle - Composed of several Accounting Periods spanning over twelve consecutive months. Corporations currently operate on a fiscal year beginning on July 1st and ending June 30th. Accounting Period - Expenditure and revenue measurement within a pre-determined time frame.There
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[PDF File]Accounting Cheat Sheet
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Financial statements are general purpose, external financial statements prepared according to generally accepted accounting principles. Some terms that apply to the financial statements include: balance sheet reports the amounts of assets, …
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[PDF File]Financial Accounting - Tutorials Point
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The American Institute of Certified Public Accountant has defined Financial Accounting as: “the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which in part at least of a financial character and interpreting the results thereof.” 1. OVERVIEW
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[PDF File]Article Accounting Terminology
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1. Accounting Period Any period of time utilised to measure accounting performance e.g. 1 year, 1 month, 3 months. 2. Accounts Payable (Sundry Creditors) Short term or current financial obligations that are created through the purchase of merchandise, or obtaining of service. 3.
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[PDF File]GLOSSARY OF BUSINESS FINANCIAL TERMS
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Glossary of Business Financial Terms 1 GLOSSARY OF BUSINESS FINANCIAL TERMS Accrual Basis Accounting: recognizes revenues when earned and expenses are matched with the related revenues and/or are reported when the expense occurs, not when the cash is paid deducts
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[PDF File]Accounting and Finance Terminology
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Accounting Activities related to orderly record-keeping of financial information • Recording daily transactions • Preparing financial statements • Paying bills • Preparing payroll checks • Preparing tax forms • Auditing financial records • Examining financial records for accuracy and compliance with regulations • Reconciling the ...
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[PDF File]GAO-05-734SP A Glossary of Terms Used in the Federal ...
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Terms and Definitions Account A separate financial reporting unit for budget, management, and/or accounting purposes. All budgetary transactions are recorded in accounts, but not all accounts are budgetary in nature. Some accounts do not directly affect the budget but are used purely for accounting purposes.
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[PDF File]General Accounting and Budget Terminology
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Financial Accounting Standards Board, Stamford, Conn. AUDIT. The examination of documents, records, reports, systems of internal control, accounting and financial procedures, and other evidence for one or more ... General Accounting and Budget Terminology ...
basic accounting terms and definitions

[PDF File]Glossary of Accounting Terms
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Glossary of Accounting Terms Account: A record that holds the results of financial transactions. Accountant's Equation: ... Financial Accounting Standards Board. The private organization responsible for establishing the standards for financial accounting and reporting in …
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Financial accounting definitions and terms