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Definition of Write off
The transfer of some or all of the contents of an asset account into an expense
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
A method of preparing the operating section of the Statement of Cash Flows that uses the companyâ€™s actual cash inflows and cash outflows.
a service department cost allocation approach
A method of preparing the operating section of the Statement of Cash Flows that does not use the companyâ€™s actual cash inflows and cash outflows, but instead arrives at the net cash flow by taking net income and adjusting it for noncash expenses and the changes from last year in the current assets and current liabilities.
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
A format for the operating section of the cash-flow statement that
A method of cash budgeting based on detailed estimates of cash receipts and cash
A method of constructing a replicating portfolio in which the manager purchases a
Under this currency translation method, all foreign currency balance-sheet and income
Lease in which the lessor purchases new equipment from the manufacturer and leases it to the
Commercial paper sold directly by the issuer to investors.
Selling a new issue not by offering it for sale publicly, but by placing it with one of several
For foreign exchange, the number of U.S. dollars needed to buy one unit of a foreign currency.
Buyers and sellers seek each other directly and transact directly.
The purchase by investors of securities directly from the issuer.
The practice of reporting to shareholders using straight-line depreciation and
Foreign direct investment (FDI)
The acquisition abroad of physical assets such as plant and equipment, with
For foreign exchange, the number of units of a foreign currency needed to buy one U.S.$.
Log-linear least-squares method
A statistical technique for fitting a curve to a set of data points. One of the
Monetary / non-monetary method
Under this translation method, monetary items (e.g. cash, accounts
The practice of making a charge in the income account equivalent to the tax savings
Accounting for an acquisition using market value for the consolidation of the two entities'
A method of allocating the purchase price for the acquisition of another firm among the
Simple compound growth method
A method of calculating the growth rate by relating the terminal value to
A method of cash budgeting that is organized along the lines of the statement of cash flows.
Under this currency translation method, the choice of exchange rate depends on the
Costs that are readily traceable to particular products or services.
Costs that are necessary to produce a product/service but are not readily traceable to particular products or services â€“ see overhead.
A method of adjusting accounts receivable to the amount that is expected to be collected based on company experience.
a process of service department cost allocation
a cost that is distinctly traceable to a particular cost object
see variable costing
the time spent by individuals who work specifically
a readily identifiable part of a product; the cost of such a part
dividend growth method
a method of computing the cost
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
a technique used to determine the fixed
a cost that cannot be traced explicitly to a particular
judgmental method (of risk adjustment)
an informal method of adjusting for risk that allows the decision maker
method of least squares
see least squares regression analysis
method of neglect
a method of treating spoiled units in the
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
net present value method
a process that uses the discounted
risk-adjusted discount rate method
a formal method of adjusting for risk in which the decision maker increases the rate used for discounting the future cash flows to compensate for increased risk
an iterative (sequential) algorithm used to solve multivariable, multiconstraint linear programming problems
a high-performance, data-driven approach to analyzing and solving the root causes of business problems
a process of service department cost allocation
strict FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the
weighted average method (of process costing)
the method of cost assignment that computes an average cost per
Bootstrapping, bootstrap method
An arithmetic method for backing an
A cost that can be clearly associated with specific activities or products.
A costing methodology that only assigns direct labor and material costs
Labor that is specifically incurred to create a product.
Direct materials cost
The cost of all materials used in a cost object, such as finished goods.
Direct materials mix variance
The variance between the budgeted and actual mixes of
A member of a companyâ€™s Board of directors.
First in, first-out costing method (FIFO)
A process costing methodology that assigns the earliest
A cost that is not directly associated with a single activity or event. Such
The cost of any labor that supports the production process, but which is
Moving average inventory method
An inventory costing methodology that calls for the re-calculation of the average cost of all parts in stock after every purchase.
A capital budgeting analysis method that calculates the amount of
An accounting method used to combine the financial statements of
Taxes paid by consumers when they buy goods and services. A sales tax is an example.
Benefit Ratio Method
The proportion of unemployment benefits paid to a companyâ€™s
Benefit Wage Ratio Method
The proportion of total taxable wages for laid off
The direct transfer of payroll funds from the company bank account
Average-Cost Inventory Method
The inventory cost-flow assumption that assigns the average
A contract accounting method that recognizes contract revenue
Advertising designed to elicit sales to customers who can be
Accounting method for an equity security in cases where the investor has sufficient
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
A method of accounting for petroleum exploration and development expenditures
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
A contract accounting method that recognizes contract
Successful Efforts Method
A method of accounting for petroleum exploration and development
Net Present Value (NPV) Method
A method of ranking investment proposals. NPV is equal to the present value of the future returns, discounted at the marginal cost of capital, minus the present value of the cost of the investment.
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
InteracÂ® Direct Payment
Instead of paying with cash or a credit card, Interac direct Payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card).
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
method of indirect taxation whereby a tax is levied at each stage of production on the value
activity based costing (ABC)
A relatively new method advocated for the
Refers to accounts receivable from credit sales to customers
a cost accumulation and reporting
actual cost system
a valuation method that uses actual direct
a discipline that focuses on techniques or
normal cost system
a valuation method that uses actual
standard cost system
a valuation method that uses predetermined
a cost accumulation and reporting method
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