Accounting Terms: Assets, Liabilities, Equity & Valuation

Allocations and Forecasting

Allocations and forecasting are true, without doubt. Despesa Real.

Amortization

Amortization: Reductions in the value of assets due to their use or to changes that occur with advances in technology.

Required Books

Required Books: Book inventory or accounts, Journal of Proceedings.

Differences: Buffering and Allocation

Dif. buffering and allocation: Spending is based on the use that women and is providing some funding.

With Liabilities

With liabilities: Liabilities and Liabilities Corrente Pat.Net and not running.

Parts of a Balance

Parts of a balance:

• Assets
• Liabilities

Debit and Credit Balance

Duty means the credit balance is greater than the + have. (Incomes)

Heritage Concept and Pat.Net

Heritage concept and Pat.Net: Patconjunt of goods, rights and forces. k persna belonged to an F or J at a given time.

Reserves

Reservations are retained earnings.

Capital and Social Capital

Soc Dif.capital and Capital Cap. Social represents contributions made by partners and Head is a single employer.

Anticipated Expenditures

Anticipated expenditures means

Prepaid Expenses

Expenses accounted anticipated this year and correspond to the following exercises (active account).

Core of Fundamental Accounting

Top of the fundamental Contábil: Has served as decision-oriented planning and control, using an adequate Pat.Net interpretation and representation and its variations.

Credits for Discounted Bills

Credits for discounted bills means ...

Variation of Stocks

Variation of stocks are allocated to accounts registered at the closure of the exercise; the variations between EF and EI affect groups 6 and 7.

Fair Value Concept

Fair value concept: The amount of an asset or a liability that would be settled between stakeholders and reported accordingly.

Financial Asset Definition

Financial asset is: An instrument that gives rise to a financial asset in one company and, simultaneously, a financial liability or an equity instrument in another company, grouping them in portfolios that reflect the buyer's intentionality.

Provision for Decommissioning

The provision for decommissioning ...

Fundamental Equation

The fundamental equation is PAT.NET = ASSETS - LIABILITIES

Profit and Loss Scheme

The scheme of P and G can classify different types of income and expenditure and assign concepts to groups.

To Regularize the Books

To regularize the books we bring them to the Registry.

Accounting Note

One note: Representation of an accounting item of the assets.

Inventory Definition

Inventory: Value of all goods and proven tax obligations.

Fair Value: Initial Value

Fair value: The initial value plus the cost of purchase.

Provision

Provision: Value adjustments are reversible.

Current Tax

Current tax: The amount that has been paid to the Public Treasury, which is calculated on the profits.