loss accounting
51accrual accounting — A system of accounting in which revenue is recognized when it is earned and expenses are recognized as they are incurred. Accrual accounting is a basic accounting concept used in the preparation of the profit and loss account and balance sheet of …
52Actuarial Gain Or Loss — Gain or loss arising from the difference between estimates and actual experience in a company’s pension plan. Actuarial gains and losses are used when accounting for pension plans because of the need to make assumptions about the future… …
53Economic Profit (Or Loss) — The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used. This can be used as another name for economic value added (EVA). Don t confuse this with accounting profit , which is what most… …
54financial accounting — The branch of accounting concerned with classifying, measuring, and recording the transactions of a business. At the end of a period, usually a year but sometimes less, a profit and loss account and a balance sheet are prepared to show the… …
55financial accounting — The branch of accounting concerned with classifying, measuring, and recording the transactions of a business. At the end of a period, usually a year but sometimes less, a profit and loss account, a balance sheet, a statement of total recognized… …
56Shrinkage (accounting) — In financial accounting the term inventory shrinkage (sometimes truncated to shrink) is the loss of products between point of manufacture or purchase from supplier and point of sale. The total shrink percentage of the retail industry in the… …
57Hedge Accounting — A method of accounting where entries for the ownership of a security and the opposing hedge are treated as one. Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a financial instrument s value, known as… …
58net operating loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. net operating loss n …
59profit and loss account — index budget Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss account …
60Capital loss — The difference between the net cost of a security and the net sale price, if that security is sold at a loss. The New York Times Financial Glossary * * * capital loss capital loss ➔ loss * * * Loss when the sale of an asset yields less than… …
