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A period of time that pertains to financial statements or accounts, e.g. monthly, quarterly and annual. … [Read more...] about ACCOUNTING PERIOD

A formal statement of an account or series of transactions that is rendered or given to another, such as a buyer or debtor. … [Read more...] about ACCOUNT RENDERED

The rules and policies that govern and are disclosed in the financial statements of an organization. … [Read more...] about ACCOUNTING POLICIES

The settlement of an account between the parties, by which a balance is struck in favor of one of them, is called an account stated. 2. An acknowledgment of a single item of debt due from the defendant to the plaintiff is sufficient to support a count on an account stated. 3. It is proposed to consider, 1st, by whom an account may, be stated; 2d, the manner of stating the … [Read more...] about ACCOUNT STATED

The United Kingdom organization which issues accounting standards. … [Read more...] about ACCOUNTING STANDARDS BOARD (ASB)