Accounting

The customary manner in which a business analyzes and records its ..... is by first entering them into a journal.

Cost accounting ..... managers toward company goals.

The rules are intended to protect the rights of shareholders and creditors and, as a consequence, the ..... principle occupies an important place.

Financial accounting and reporting rules are part of a country's capital ..... regulations.

The rules must be susceptible to ..... by taxpayers and control and enforcement by tax authorities.

These developments have been ....., in part, to dramatic changes in the business and political climates, increasing global competition, the development of more market-based economies, and rapid technological improvements.

When issuers prepare financial statements using more than one set of accounting standards, they may find it difficult to explain to investors the accuracy of both sets of financial statements if significantly different operating results, financial ..... or cash flow classifications are reported under different standards for the same period.

..... Depreciation represents the expense related to the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation' is used.

An employee stock ..... plan gives you the right to buy a certain number of shares of your employer's stock at a stated price over a certain period of time; often, the shares 'vest' over a period of several years, meaning that some fraction of the shares can be exercised in the first year, another fraction in the second year, etc.

Section 1035 of the IRS Code allows the movement of non-qualified monies from certain financial products to others without an income tax consequence; this 1035 ..... allows non-qualified monies from an annuity to move to another annuity, or from a life insurance policy to another life insurance policy.