Accountancy

Accountancy

Industry: Financial services

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Accountancy

Balance sheet

Accounting; Accountancy

A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets

Cost accounting

Accounting; Accountancy

In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds.

The accounting equation states that the sum of the assets and expenses must be equal to the sum of the liabilities, equity and revenue of the business. This is the equation that the general ledger or ...

Return on investment

Accounting; Accountancy

In finance, rate of return (ROR), also known as return on investment (ROI), rate of profit or sometimes just return, is the ratio of money gained or lost (whether realised or unrealized) on an ...

Internal auditing

Accounting; Accountancy

Internal auditing is a profession and activity involved in helping organisations achieve their stated objectives.

Financial accounting

Accounting; Accountancy

Financial accountancy (or financial accounting) is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, ...

Generally accepted accounting principles

Accounting; Accountancy

Generally accepted accounting principles (GAAP) is the americanized term used to refer to the standard framework of guidelines for financial accounting used in any given jurisdiction which are ...