Tooltip Tags: accounting

credit entry

An accounting entry acknowledging income or capital items. (source: thefreedictionary.com )

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creative accounting

Accounting practices that follow required laws and regulations, but deviate from what those standards intend to accomplish. Creative accounting capitalizes on loopholes in the accounting

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credit

To make an entry in an account representing a decrease in the value of assets or an increase in the amount of liabilities.(http://accountingdictionary.org/dictionary/credit/)

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credit (accounting)

A journal entry recording an increase in assets. With cash basis accounting, credits are recorded when income is received. With accrual basis accounting, credits are

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controller

An official whose job it is to carefully check the accuracy of business records. (source: http://www.investopedia.com/terms/a/auditor.asp)

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consolidated balance sheet

Statement of the financial condition of a company and all of its subsidiaries, listing assets, liabilities, and net worth at the time of the report.

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chartered accountant

Qualified accounting professional which job is to audit financial statements and business practices as well as offer advisory services to clientèle. (source: http://www.investopedia.com/terms/c/ca.asp#ixzz26BfNZWg6)

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checking

A control, esp a rapid or informal one, designed to ensure accuracy, progress, etc (source: http://www.wordreference.com/definition/checking)

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cash flow

Cash flow is the measure of money flowing in and out of your business at any given time. In an ideal business cycle, you will

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cash account

Record of money transactions. A record of receipts and payments of cash, checks, or other forms of money transfer (source: http://www.qfinance.com/dictionary/cash-account)

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