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American Accounting Association: Rate it: AAA: Association of Accounting Administrators: Rate it: AAA-CPA: American Association of Attorney- Certified Public Accountants: Rate it: AAAA: . M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million. . Accounts receivable (AR) definition: The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used. 2. Accounting (ACCG) .
 
 

What does m stand for in accounting. Abbreviations Used in Accounting Materials

This definition appears very frequently and is found in the following Acronym Finder categories: Business, finance, what does m stand for in accounting. Menu Search.

New search features Acronym Blog Free tools. What does m stand for in accounting does MA stand for? MA stands for Management Accounting. Suggest new definition. Acronym Finder.

Samples in periodicals archive: Introductory Certificate in Financial and Management Accounting Ideal for a range of accounts-support roles, such as a junior /3490.txt clerk, junior administrator or as a junior bookkeeper.

Since the s, IMA[R] has been dedicated to producing research that has advanced the profession of management accounting and identified new techniques that have changed the way accounting professionals do their work. Fleming to explore the state of management accounting today.

From this background it should be clear that a world class foundry management accounting system focuses on cycle times and quality and measures cost as an effect of manufacturing excellence rather than as its cause, The foundry that operates such an accounting system will achieve a competitive advantage.

What does m stand for in accounting. What does MM mean? Explanation and Examples

It seems every industry has its own secret language. And knowing the lingo is an entry-point into the inner circle—an indicator that you truly belong. It’s time to roll up those sleeves and start building your accounting vocabulary. To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners.

Check out these basic accounting definitions and start to commit them to memory. Accounting ACCG definition: A systematic way of recording and reporting financial transactions for a business or organization. Accounts payable AP definition: The amount of money a company owes creditors suppliers, etc. Assets fixed and current definition: Current assets CA are those that will be converted to cash within one year.

Typically, this could be cash, inventory or accounts receivable. Fixed assets FA are long-term and will likely provide benefits to a company for more than one year, such as a real estate, land or major machinery. Asset class definition: An asset class is a group of securities that behaves similarly in the marketplace. The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments.

Balance sheet BS definition: A financial report that summarizes a company’s assets what it owns , liabilities what it owes and owner or shareholder equity, at a given time. Capital CAP definition: A financial asset or the value of a financial asset, such as cash or goods. Working capital is calculated by taking your current assets subtracted from current liabilities—basically the money or assets an organization can put to work.

Cash flow CF definition: The revenue or expense expected to be generated through business activities sales, manufacturing, etc. Certified public accountant CPA definition: A designation given to an accountant who has passed a standardized CPA exam and met government-mandated work experience and educational requirements to become a CPA.

Cost of goods sold COGS definition: The direct expenses related to producing the goods sold by a business.

The formula for calculating this will depend on what is being produced, but as an example this may include the cost of the raw materials parts and the amount of employee labor used in production.

Credit CR definition: An accounting entry that may either decrease assets or increase liabilities and equity on the company’s balance sheet, depending on the transaction. When using the double-entry accounting method there will be two recorded entries for every transaction: A credit and a debit. Debit DR definition: An accounting entry where there is either an increase in assets or a decrease in liabilities on a company’s balance sheet. Diversification definition: The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk.

Equity and owner’s equity OE definition: In the most general sense, equity is assets minus liabilities. The owners of the stock are known as shareholders. Insolvency definition: A state where an individual or organization can no longer meet financial obligations with lender s when their debts come due. Generally accepted accounting principles GAAP definition: A set of rules and guidelines developed by the accounting industry for companies to follow when reporting financial data.

Following these rules is especially critical for all publicly traded companies. General ledger GL definition: A complete record of the financial transactions over the life of a company. Liabilities current and long-term definition: A company’s debts or financial obligations incurred during business operations.

Current liabilities CL are those debts that are payable within a year, such as a debt to suppliers. Long-term liabilities LTL are typically payable over a period of time greater than one year. An example of a long-term liability would be a multi-year mortgage for office space. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company.

Net income NI definition: A company’s total earnings, also called net profit. Net income is calculated by subtracting total expenses from total revenues. Present value PV definition: The current value of a future sum of money based on a specific rate of return. See an example of the time value of money here. Return on investment ROI definition : A measure used to evaluate the financial performance relative to the amount of money that was invested.

The ROI is calculated by dividing the net profit by the cost of the investment. The result is often expressed as a percentage. See an example here. Roth IRAs are not tax-deductible; however, eligible distributions are tax-free, so as the money grows, it is not subject to taxes upon withdrawals. The deferred money is usually not subject to tax until it is withdrawn; however, an employee with a Roth K can make contributions after taxes.

Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest. It has since been updated.

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Posted in Accounting. Jordan Jantz Carrie Mesrobian This piece of ad content was created by Rasmussen University to support its educational programs. Rasmussen University may not prepare students for all positions featured within this content. Please visit www. External links provided on rasmussen. Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U. Department of Education. Basic accounting terms, acronyms, abbreviations and concepts to remember Check out these basic accounting definitions and start to commit them to memory.

Asset classes Asset class definition: An asset class is a group of securities that behaves similarly in the marketplace. Balance sheet BS Balance sheet BS definition: A financial report that summarizes a company’s assets what it owns , liabilities what it owes and owner or shareholder equity, at a given time.

Cash flow CF Cash flow CF definition: The revenue or expense expected to be generated through business activities sales, manufacturing, etc. Credit CR Credit CR definition: An accounting entry that may either decrease assets or increase liabilities and equity on the company’s balance sheet, depending on the transaction. Debit DR Debit DR definition: An accounting entry where there is either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Diversification Diversification definition: The process of allocating or spreading capital investments into varied assets to avoid over-exposure to risk. Fixed expenses FE : payments like rent that will happen in a regularly scheduled cadence. Variable expenses VE : expenses, like labor costs, that may change in a given time period. Operation expenses OE : business expenditures not directly associated with the production of goods or services—for example, advertising costs, property taxes or insurance expenditures.

Equity and owner’s equity OE Equity and owner’s equity OE definition: In the most general sense, equity is assets minus liabilities. Insolvency Insolvency definition: A state where an individual or organization can no longer meet financial obligations with lender s when their debts come due.

Generally accepted accounting principles GAAP Generally accepted accounting principles GAAP definition: A set of rules and guidelines developed by the accounting industry for companies to follow when reporting financial data. General ledger GL General ledger GL definition: A complete record of the financial transactions over the life of a company.

Liabilities current and long-term Liabilities current and long-term definition: A company’s debts or financial obligations incurred during business operations. Present value PV Present value PV definition: The current value of a future sum of money based on a specific rate of return.

Return on investment ROI Return on investment ROI definition : A measure used to evaluate the financial performance relative to the amount of money that was invested. Request More Information. Talk with an admissions advisor today. First Name Please enter your first name.

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