No, goodwill is not a nominal account. It is an intangible real account. These accounts represent assets which cannot be seen, touched or felt but they can be measured in terms of money. The Valuation of Goodwill Goodwill needs to be valued when a triggering event results in the fair va...
A. Revenues and expenses are recognized when cash is received or paid B. Revenues are recognized when earned, and expenses are recognized when incurred C. All transactions are recorded in the period in which they occur D. Only cash transactions are recorded 相关知识点: 试题...
What does the term "accrual basis accounting" mean?搜索 题目 What does the term "accrual basis accounting" mean? 答案 B 解析 null 本题来源 题目:What does the term "accrual basis accounting" mean? 来源: 英语会计试题及答案 收藏 反馈 分享...
Institutional quality has been, and will continue to be, an important dimension of academic accounting. How we measure it, by increasingly featuring objective output measures, has taken the construct away from demonstrated meaningfulness among its most important constituency. This paper forms several ...
Define in accounting terms what are retained earnings. What is meant by the "accrual method" of accounting? What is the definition of liability in accounting? In accounting, what is the definition of "warrant"? What does the term depreciation mean in accounting?
In financial accounting, "b/f," "c/f," "b/d," and "c/d" are commonly used abbreviations that stand for the following: b/f or b/d: These stand for "brought forward" or "brought down." They are used to refer to the balances brought forward from the previous period or accounting...
What Does Reconciliation Mean in Accounting Account reconciliation is the process of comparing transactions you have recorded using internal record-keeping for financial accounts against monthly statements from external sources, such as a bank, credit card company, or other financial institution, to ...
Specific situations in which an asset might become impaired and unrecoverable include when a significant change occurs to an asset's intended use when there is a decrease in consumer demand for the asset, damage to the asset, or adverse changes to legal factors that affect the asset. If these...
What Does KPI Mean? A KPI is a key performance indicator: data that has been collected, analyzed, and summarized to help decision-making in a business. KPIs may be a single calculation or value that summarizes a period of activity, such as “450 sales in October.” By themselves, KPIs ...
Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.