business terms

business terms - A Above-the-line: In Marketing, relating...

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A Above-the-line: In Marketing, relating to marketing expenditure on advertising in media such as press, radio, television, cinema, and the World Wide Web, on which a commission is usually paid to an agency. Absorbed Account: An account that has lost its separate identity by being combined with related accounts in the preparation of a financial statement. Absorbed Business: A company that has been merged into another company. Absorbed costs: The indirect costs associated with manufacturing, for example, insurance or property taxes. Absorption costing: An accounting practice in which fixed and variable costs of production are absorbed by different cost centers. Abusive tax shelter: A tax shelter that somebody claims illegally to avoid or minimize tax Accelerated cost recovery system: A system used in computing the depreciation of some assets acquired before 1986 in a way that reduces taxes. Accelerated depreciation: A system used for computing the depreciation of some assets in a way that assumes that they depreciate faster in the early years of their acquisition. Access bond: A type of mortgage that permits borrowers to take out loans against extra capital paid into the account, home-loan interest rates being lower than interest rates on other forms of credit. Account: A record of a business transaction. A contract arrangement, written or unwritten, to purchase and take delivery with payment to be made later as arranged. Accounting cost: the cost of maintaining and checking the business records of a person or organization and the preparation of forms and reports for financial purposes. Accounting insolvency: A the condition that a company is in when its liabilities to its creditors exceeds its assets. Account balance: The difference between the debit and the credit sides of an account. Accountant : One who is skilled at keeping business records. Usually, a highly trained professional rather than one who keeps books. An accountant can set up the books needed for a business to operate and help the owner understand them. Accounting period : A time interval at the end of which an analysis is made of the information contained in the bookkeeping records. Also the period of time covered by the profit and loss statement. Accounts payable : Money which you owe to an individual or business for goods or services that have been received but not yet paid for. Accounting rate of return : the ratio of profit before interest and taxation to the percentage of capital employed at the end of a period. Variations include using profit after interest and taxation, equity capital employed, and average capital for the period. Accounts receivable : Money owed to your business for goods or services that have been delivered but not yet paid for. Accounts receivable factoring
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business terms - A Above-the-line: In Marketing, relating...

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