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Accountant Terms


  > Accounts Payable
Amounts that a business owes
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  > Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
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  > Net Income
Gross income less expenses; it represents a business's profit for a given year.
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Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.
 
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Jul 14, 2006 - Lt. Governor Denish To Swear In New Accountants
Albuquerque—The Regulation and Licensing Department’s Public Accountancy Board membersand special guest Lt. Governor ...
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