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Statement of Financial Accounting Standards No 8 |
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Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52.Statement of Financial Accounting Standards No 8 Similar MatchesAverage accounting returnAverage accounting returnThe average project earnings after taxes and depreciation divided by the average book value of the investment during its life. Cost accountingCost accountingA branch of accounting that provides information to help the management of a firm evaluate production costs and efficiency. 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. Accounting reference dateAccounting reference dateThe 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. 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 SuggestionsAccounting insolvencyAccounting Standards Board Financial Accounting Standards Board (FASB) Historical Cost Accounting Convention Replacement cost accounting current cost accounting Generally Accepted Accounting Principles (GAAP) Accounting liquidity Purchase accounting Accounting earnings Growth accounting Accrual Accounting Convention Inflation accounting |
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