Accounting – Page 5 – Fincyclopedia

Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/category.php on line 74

Shadow Account

An account that is used by an entity to record certain financial items (e.g., gains or losses) that have been...

Shadow Accounting

Generally speaking, it is a record keeping practice that involves maintaining a second set of account books. A shadow accounting...

Face of Balance Sheet

Presenting an item as a heading or line item on assets or liabilities side of an entity's balance sheet. If...

Factory Overhead Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...

Manufacturing Overhead Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...

Permanent Account

A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

Temporary Account

A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...

Cost Accounting

A branch of accounting that is concerned with producing the information that enables an entity's management to control and evaluate...

OH Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (OH: overhead...

Overheads Control Account

For a manufacturer, it is a type of control account that tracks and control the indirect manufacturing costs (overhead costs)...