Glossary Of Accounting Terms And Definitions

It aims to secure faster debtor payments to improve the liquidity position of the business. A certified financial planner is a financial planner qualified as per the requirements of the Institute of Certified Financial Planners. Certified Public Accountant is a certification that gives an individual the license to practice public accounting. A special form of […]

Glossary Of Accounting Terms And Definitions

It is a ‘plan B’. A contingent is something that occurs due to a condition that is not yet established. The continuity assumption in accounting states that the accounting for the business should be done, assuming that the business will have an unlimited life span. A contra entry is a type of ledger entry that […]

Glossary Of Accounting Terms And Definitions

Capitalization refers to the statement of the total capital available with the firm. It is the rate of interest that is required to convert the series of future receivable payments into their present value equivalent. Capitalized costs are those that are deducted over several accounting periods on account of depreciation or amortization. The required forms […]