noun
COLLOCATIONS FROM OTHER ENTRIES
a law/accounting/advertising etc firm
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She was offered a job with a law firm.
creative accounting
the accountancy/accounting profession
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Many economics graduates enter the accountancy profession.
there’s no accounting for taste (= used humorously to say that you do not understand why someone likes something )
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
creative
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The profession's worst problem is creative accounting .
current
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Standards such as those on depreciation and current cost accounting are so different from current practice that it is impossible to rationalize them.
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Moreover, current cost accounting strictly demands that a business's cash book be segregated into capital and revenue cash.
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In other words it is a part of the larger and even more complex issue of the relevance of current cost accounting .
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However, there are many public sector organizations which are unlikely to adopt current cost accounting .
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One of the objectives of current cost accounting is to produce a more acceptable income figure under conditions of rising prices.
false
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All three were charged with conspiracy to defraud, conspiracy to commit forgery, and false accounting .
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Fone is charged with three offences of theft involving a total of more than £40,000 and two offences of false accounting .
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Mr Nadir faced trial in September on charges of theft and false accounting .
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Mr Walker and former finance director Wilfred Aquilina were also charged with two counts of false accounting relating to the thefts.
financial
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With his support and encouragement I took my first somewhat unsteady steps towards the production of a unit in financial accounting .
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It is also important to note, at the outset, the distinction between financial accounting and management accounting.
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In order to deal with the problems of budgeting for this it is necessary to know something of company financial and cost accounting .
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Accounting Theory Accounting theory is conventionally concerned with financial accounting , i.e. with accounting to external providers of finance.
■ NOUN
cash
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Thus the recognition occurs one step earlier than under cash accounting .
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For example, one organization might adopt budgetary accounting , cash accounting and fund accounting simultaneously.
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Commitment accounting Commitment accounting is much less widely adopted in practice than either cash accounting or accruals accounting.
commitment
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Commitment accounting Commitment accounting is much less widely adopted in practice than either cash accounting or accruals accounting.
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Because this is its primary function, commitment accounting concentrates on orders issued.
cost
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Standards such as those on depreciation and current cost accounting are so different from current practice that it is impossible to rationalize them.
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In historic cost accounting , capital is measured as the initial capital invested.
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Moreover, current cost accounting strictly demands that a business's cash book be segregated into capital and revenue cash.
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In other words it is a part of the larger and even more complex issue of the relevance of current cost accounting .
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This is known as replacement cost accounting as opposed to historic cost accounting when the original cost is retained.
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However, there are many public sector organizations which are unlikely to adopt current cost accounting .
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Moreover, in all these examples we have assumed historic cost accounting .
depreciation
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Adding depreciation accounting to the existing system has, in the past, not been affordable.
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In fact, there is a real example of depreciation accounting being practised alongside payments in lieu of depreciation.
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The answer must be that it could not since the fact of adopting depreciation accounting severs the link with finance.
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Indeed, a significant part of it concerned the relevance of depreciation accounting .
fund
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Let us now examine the published accounts of a simplified local authority to see the effects of adopting fund accounting .
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Although the concept of fund accounting is relatively simple, specific applications of it can be difficult to understand.
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Fund accounting Fund accounting is a practice we were introduced to in Chapter 7.
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For example, one organization might adopt budgetary accounting , cash accounting and fund accounting simultaneously.
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Their accounts look very different from the nationalized industries because they adopt budgetary accounting and also because they adopt fund accounting.
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Therefore, we will postpone discussion of them until the section on fund accounting .
merger
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Five criteria must be met before merger accounting may be used.
■ VERB
adopt
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For example, one organization might adopt budgetary accounting , cash accounting and fund accounting simultaneously.
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However, there are many public sector organizations which are unlikely to adopt current cost accounting .
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Their accounts look very different from the nationalized industries because they adopt budgetary accounting and also because they adopt fund accounting.
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We might argue, albeit anachronistically, that best commercial practice could also have been adopted in accounting for the bridge.
use
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Local Authority No. 1 method always uses historic cost accounting .
EXAMPLES FROM CORPUS
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Accounting Theory Accounting theory is conventionally concerned with financial accounting, i.e. with accounting to external providers of finance.
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Academic, or theoretical, discourse is not privileged but is instead a form of accounting which uses abstraction to illuminate.
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However, these have been excluded, pending the results of a fundamental review of capital accounting .
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In order to deal with the problems of budgeting for this it is necessary to know something of company financial and cost accounting .
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In spite of accounting for only 0.2 percent of a beer's cost, this is naturally felt to be wasteful and undesirable.
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It refers to the method of accounting which reports in terms of funds rather than in terms of organizations.
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It should be recognised that we are still in the early days of case-mix accounting .
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Trial balance to facilitate hotel accounting . 11.