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What else can I help you with?
What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
What is full accrual accounting?
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
When is revenue reconized in accurual accounting?
Revenue is recognized when it is incurred in accrual accounting while in cash based accounting revenue is recognized when actual cash is paid
What types of accounting system are you most familiar with using?
I am most familiar with several types of accounting systems, including cash-basis and accrual-basis accounting. Cash-basis accounting records transactions only when cash is exchanged, making it straightforward for small businesses. In contrast, accrual-basis accounting recognizes revenue and expenses when they are incurred, providing a more accurate financial picture, particularly for larger organizations. Additionally, I have experience with various accounting software, such as QuickBooks and Xero, which streamline financial management and reporting.
What is used to provide separate accounting and reporting for cost incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
Is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is used to provide separate accounting and reporting for costs incured during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is the accrual concept of accounting?
The accrual concept concerns the matching of costs and revenues for the reporting period.
What you mean by cost accounting?
According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
What is ruckforderungsbeleg in English?
The term "Ruckforderungsbeleg" in English translates to "reimbursement receipt" or "refund receipt." It refers to a document used to request the reimbursement of expenses or costs incurred, often in business or financial contexts. This receipt provides necessary details for accounting and processing the refund.
What is the process for submitting expenses for business travel reimbursement?
To submit expenses for business travel reimbursement, employees typically need to gather all receipts and documentation related to the expenses incurred during the trip. They then fill out a reimbursement form provided by the company, attaching the receipts and any other required documentation. This form is usually submitted to the company's finance or accounting department for review and approval. Once approved, the employee will receive reimbursement for the eligible expenses incurred during the business travel.
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
Accounting treatment of website development cost?
Expensed as incurred
What is full accrual accounting?
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
When is revenue reconized in accurual accounting?
Revenue is recognized when it is incurred in accrual accounting while in cash based accounting revenue is recognized when actual cash is paid
What types of accounting system are you most familiar with using?
I am most familiar with several types of accounting systems, including cash-basis and accrual-basis accounting. Cash-basis accounting records transactions only when cash is exchanged, making it straightforward for small businesses. In contrast, accrual-basis accounting recognizes revenue and expenses when they are incurred, providing a more accurate financial picture, particularly for larger organizations. Additionally, I have experience with various accounting software, such as QuickBooks and Xero, which streamline financial management and reporting.
