|
|
Accounting liquidity |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Accounting liquidityThe ease and quickness with which assets can be converted to cash.Accounting liquidity Similar MatchesAccrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Current cost accountingCurrent cost accountingA system designed to adjust accounting for changes in prices that affect a company's assets. The more usual convention is historical cost accounting. Historical 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. Generally Accepted Accounting Principles (GAAP)Generally Accepted Accounting Principles (GAAP)The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S. 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. Further SuggestionsAccounting insolvencyaccounting reference date Financial Accounting Standards Board (FASB) Average accounting return Statement of Financial Accounting Standards No 8 Cost accounting Regulatory accounting procedures (RAP) Growth accounting Purchase accounting Inflation accounting Accounting earnings Replacement cost accounting Accounting Standards Board |
|
|
|