Garantieverplichting
garantieverplichting - A liability that is recorded for the future costs of claims that are anticipated because of product warranty agreements
2 min lezen
cost accounting
accounting fundamentals
Accounting Fundamentals
Gebruiksduur
gebruiksduur - The period of time that a depreciable asset will be in use by an entity; the time interval over which the asset will be depreciated
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accounting fundamentals
Gedekte obligatie
gedekte obligatie - A bond that provides specific assets as collateral to help assure the payment stream
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accounting fundamentals
Handelseffecten
handelseffecten - Investments in debt acquired with the intent of generating profits by reselling the investment in the very near future; classified as cu...
2 min lezen
accounting fundamentals
Herwaardering
herwaardering - Uses a variety of exchange rates to convert assets and liabilities of a foreign affiliate to the reporting currency; adjustment may impact op...
2 min lezen
financial reporting
accounting fundamentals
Omrekening
omrekening - Uses prevailing exchange rates to convert assets and liabilities of a foreign affiliate to the reporting currency; adjustment may impact other ...
2 min lezen
financial reporting
accounting fundamentals
Quick ratio
quick ratio - An extreme measure of liquidity, calculated by dividing quick assets (cash, short-term investments, and accounts receivable) by current liabili...
2 min lezen
accounting fundamentals
Reële rekeningen
reële rekeningen - Asset, liability, and equity accounts; balances are carried forward from the end of one period into the beginning of the next period
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accounting fundamentals
Rendement op activa
rendement op activa - A ratio comparing income (net income plus interest) to the average total assets
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financial reporting
accounting fundamentals
Rendement op eigen vermogen
rendement op eigen vermogen - A ratio comparing income (net income minus preferred dividends) to the average total equity
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financial reporting
accounting fundamentals
Residueel inkomen
residueel inkomen - An internal assessment technique that adjusts income for a presumed cost of capital (or other threshold rate of return); operating income -....
2 min lezen
financial reporting
cost accounting
+1
Restwaarde
restwaarde - Amount expected be realized at the end of an asset's service life; "salvage value"
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accounting fundamentals
Return on Investment
return on investment - ROI: A model consisting of a margin component (Operating Income/Sales) and turnover component (Sales/Average Assets); reduces to Opera...
2 min lezen
financial reporting
accounting fundamentals
Stockdividend
stockdividend - A noncash corporate activity to provide shareholders with additional shares in proportion to existing ownership; makes for more shares outst...
2 min lezen
accounting fundamentals
Vervanging
vervanging - A restoration of an asset, at least partially, to its original condition; such costs may be capitalized by reducing accumulated depreciation
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cost accounting
accounting fundamentals
Vooruitontvangen opbrengsten
vooruitontvangen opbrengsten - Revenue that has been collected in advance of providing goods and services to "earn it;" reported as a liability until earned
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accounting fundamentals
Werkkapitaal
werkkapitaal - The difference between current assets and current liabilities
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accounting fundamentals
Gewijzigde kasstelsel
gewijzigde kasstelsel - Like the cash basis, except that certain large expenditures for durable assets may be recorded as assets initially
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accounting fundamentals
Materiële vaste activa
materiële vaste activa - Assets with long lives that will be used in an entity's production processes; land, buildings, and equipment
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cost accounting
accounting fundamentals
Modified Accelerated Cost Recovery System (MACRS)
Modified Accelerated Cost Recovery System (MACRS) - A "depreciation" approach common to the tax code; generally permits more rapid "recovery" of asset cost than...
2 min lezen
cost accounting
accounting fundamentals
+1
Natuurlijke hulpbronnen
natuurlijke hulpbronnen - Oil and gas reserves, mineral deposits, thermal energy sources, and standing timber are just a few examples of such assets that a firm...
2 min lezen
accounting fundamentals
Operationele leases
operationele leases - A lease where the lessee makes periodic payments for periodic use of an asset, but does not assume the ultimate risks and rewards of ownin...
2 min lezen
accounting fundamentals
Overige activa
overige activa - The category of a classified balance sheet for reporting assets that are not logically attached to one of the other specific sections
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financial reporting
accounting fundamentals
Bijzondere waardevermindering
bijzondere waardevermindering - When the carrying amount of an asset is not recoverable from its future cash flow
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accounting fundamentals
Debet
debet - The nature of an action to an account to indicate an increase (assets, expenses, and dividends) or decrease (liabilities, equity, and revenue); usual...
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accounting fundamentals
Goodwill
goodwill - The excess of the purchase price of an acquired company over the fair value of the identifiable net assets acquired
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accounting fundamentals
Immaterieel actief
immaterieel actief - Long-term asset that lacks physical existence; contract rights, copyrights, patents, trademarks, etc.
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accounting fundamentals
Investeringsactiviteiten
investeringsactiviteiten - A cash flow category; including receipts from disposal of investments and long-term assets -- and payments to acquire long-term asset...
2 min lezen
accounting fundamentals
Lease/Lessee en Lessor
lease/lessee en lessor - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
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accounting fundamentals
Lessee
lessee - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
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accounting fundamentals
Lessor
lessor - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
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accounting fundamentals
Ruiltransactie
ruiltransactie - Trading one asset for another; to be booked at fair value if the transaction has commercial substance
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accounting fundamentals
Totaalprijs aankoop
totaalprijs aankoop - A single price paid for a package of assets; the purchase price must be allocated to each of the components
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accounting fundamentals
Uitputting
uitputting - The process used to allocate the cost of a natural resource asset to the accounting periods benefited
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cost accounting
accounting fundamentals
Vermogensmutatiemethode
vermogensmutatiemethode - Method to account for stock investment when significant influence is present; changes in equity of the investee are recognized by the ...
2 min lezen
accounting fundamentals
Credit
credit - The nature of an action to an account to indicate an increase (liabilities, equity, and revenue) or decrease (assets, expenses, and dividends); usua...
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accounting fundamentals
Current ratio
current ratio - A measure of liquidity, calculated by dividing current assets by current liabilities
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accounting fundamentals
Vlottende activa
vlottende activa - Assets that will be converted into cash or consumed within one year or the operating cycle, whichever is longer
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accounting fundamentals
Voorwaardelijke verplichtingen
voorwaardelijke verplichtingen - Events that may or may not give rise to an actual liability because the outcome is uncertain; examples include lawsuits, enviro...
2 min lezen
accounting fundamentals
Gewone aandelen
gewone aandelen - The residual equity interest in a corporation; last in liquidation but usually receiving the full benefits of any corporate growth
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accounting fundamentals
Investeringsuitgaven
investeringsuitgaven - Ordinary and necessary costs incurred to place an item of property, plant, or equipment in its condition for intended use; such amount...
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cost accounting
accounting fundamentals
Verplichtingen
verplichtingen - Promises to engage in some future action; not necessarily creating a recordable accounting liability but potentially necessitating enhanced dis...
2 min lezen
accounting fundamentals
Voorzichtigheid
voorzichtigheid - A general principle of accounting measurement; when in doubt, understate assets and income and overstate liabilities
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financial reporting
accounting fundamentals
Wijziging van schattingen
wijziging van schattingen - A revision of assumptions used in a related accounting calculation (e.g., change in estimated useful life of an asset); handl...
2 min lezen
accounting fundamentals
Afschrijving
afschrijving - The process used to allocate the cost of an intangible asset to the accounting periods benefited
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cost accounting
accounting fundamentals
Alomvattende benadering
alomvattende benadering - A concept of income by which virtually all nonequity-based transactions and events are captured and reported in the income statement.....
2 min lezen
financial reporting
accounting fundamentals
Balans
balans - A financial statement that presents a firm's assets, liabilities, and owners' equity at a particular point in time
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financial reporting
accounting fundamentals
Boekhoudkundige vergelijking
boekhoudkundige vergelijking - A financial relationship at the heart of the accounting model: Assets = Liabilities + Owners' Equity
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financial reporting
accounting fundamentals
Boekwaarde
boekwaarde - Cost minus accumulated depreciation; the net amount at which an asset is reported on the balance sheet
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financial reporting
cost accounting
+1
Boekwaarde per aandeel
boekwaarde per aandeel - Common stockholders' equity divided by common shares outstanding, to indicate stockholders' equity per share
2 min lezen
accounting fundamentals
Rekening
rekening - A record that is kept for each asset, liability, equity, revenue, expense, and dividend component of an entity
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accounting fundamentals
Verbetering
verbetering - Expenditures that improve or increase the service potential of an asset even beyond its original new condition; such costs may be capitalized by.....
2 min lezen
cost accounting
accounting fundamentals