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Accounting liquidity |
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Accounting liquidityThe ease and quickness with which assets can be converted to cash.Accounting liquidity Similar MatchesHistorical Cost Accounting ConventionHistorical Cost Accounting ConventionAn accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Financial Accounting Standards Board (FASB)Financial Accounting Standards Board (FASB)Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Accounting insolvencyAccounting insolvencyTotal liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Regulatory accounting procedures (RAP)Regulatory accounting procedures (RAP)Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Further SuggestionsPurchase accountingcurrent cost accounting Accounting earnings Cost accounting Inflation accounting Replacement cost accounting Generally Accepted Accounting Principles (GAAP) accounting reference date Average accounting return Accrual Accounting Convention Statement of Financial Accounting Standards No 8 Accounting Standards Board Growth accounting |
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