Accounting Standards Board


 

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Accounting Standards Board

UK body that sets accounting standards. A subsidiary body of the Financial Reporting Council.



Similar Matches

Accrual Accounting Convention

Accrual Accounting Convention

An 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.


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.


Average accounting return

Average accounting return

The average project earnings after taxes and depreciation divided by the average book value of the investment during its life.


Accounting reference date

Accounting reference date

The date to which accounts are made up for a company. When a company is incorporated, it will usually have an accounting reference date which is the last day of the month in which the anniversary of its incorporation falls. Directors can change the accounting reference date by filing an appropriate form with the Registrar of Companies.


Replacement cost accounting

Replacement cost accounting

An accounting method that includes as part of depreciation the difference between the original purchase price of an asset and the current ../../finance-glossary/ment cost.


Further Suggestions

Growth accounting
Accounting insolvency
Inflation accounting
Statement of Financial Accounting Standards No 8
Cost accounting
Purchase accounting
Accounting earnings
Regulatory accounting procedures (RAP)
Financial Accounting Standards Board (FASB)
current cost accounting
Accounting liquidity
Historical Cost Accounting Convention
Statement of Financial Accounting Standards No 52


 
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