Corporate Finance and Accounting
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Terms in Corporate Finance and Accounting
Activity-Based Budgeting (ABB)
Activity-based budgeting (ABB) is a method of budgeting where activities that incur costs are recorded, analyzed and researched. read more
Account Settlement
An account settlement can be a payment that zeros an account balance or the offsetting of balances between two parties. read more
Accountability
Accountability is when an individual or department experiences consequences for their performance or actions. read more
Accountant's Letter
An accountant's letter is an auditor's written statement attesting to a company's financial reporting and overall financial position. read more
Accounting Change
An accounting change is an accounting method considered a bigger change to financial statement calculations than altering accounting estimates. read more
Accounting Error
An accounting error is an error in an accounting entry that was not intentional, and when spotted is immediately fixed. read more
Accounting Event
An accounting event is a transaction recognized in the financial statements of an accounting entity, such as dividend payments and the sale of goods. read more
Accounting Principles Board (APB)
The Accounting Principles Board, now defunct, was a precursor to the Financial Accounting Standards Board (FASB). read more
Accounting
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business to oversight agencies, regulators, and the IRS. read more
Accounting Period
An accounting period is an established range of time during which accounting functions are performed and analyzed including a calendar or fiscal year. read more