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n a basic storage unit in an accounting system. Individual accounts accept debit and credit entries that reflect the different types of transactions made by the practice.
account book,
n a book in which the financial transactions of a business or profession are entered. Such books may be admitted as evidence.
account, open,
n a straightforward arrangement between the dental provider and the patient for the handling of financial payments due the dental provider and owed by the patient.
account, payable,
n a dollar amount owed to creditors for items or services purchased from them.
References in periodicals archive ?
Taxpayers required to discontinue the use of the mark-to-market method of accounting for nonfinancial customer paper to comply with Sec.
08(1), a taxpayer's method of accounting for an item is an "issue under consideration" for the taxable year under examination "if the taxpayer receives notification (for example, by examination plan, information document request (IDR), or notification of proposed adjustment or income tax examination changes) from the examining agent(s) specifically citing the treatment of the item as an issue under consideration.
115, Accounting for Investment Securities, was something PFF needed to understand, and Talbott was responsible for seeing that it did.
566, which characterized the prepaid income-versus-loan issue in Indianapolis Power & Light as a change in accounting method and graciously allowed taxpayers to start accounting for deposits as loans after the Supreme Court's decision.
The EITF okayed hedge accounting for simple purchased options used to hedge anticipated foreign currency transactions, but with regard to the more cost-effective forwards and combinations options, the SEC staff objected to permitting this treatment, a conclusion that is baffling for both laypersons and accountants.
During the last year, as more and more financial institutions have reexamined their accounting for securities held for investment, the center of this debate has shifted from whether to mark-to-market to how to mark-to-market.
Commenting on the impact of the restatement, Chairman and CEO Dan Baty said, "It is regrettable that we find ourselves in a position where the accounting for a majority of our leases has to be changed from what we thought was appropriate treatment.
Because of the lack of guidance on accounting for these costs, most utility company financial statements do not fully reflect decommissioning liabilities.
Generally, Statement 52 restricts hedging to an individual-transaction basis and restricts hedge accounting to hedges of firm commitments, assessed at the individual-transaction level; Statement 80 allows hedge accounting for hedges of many kinds of anticipated transactions, with risk assessed at the transaction and the enterprise levels.
CCH is continually focused on improving its ability to better serve accounting professionals who rely on CCH Tax and Accounting for the most accurate and trusted tax compliance information," said Alex Godelman, director, Information Services & Technology, CCH Tax and Accounting.
133, Accounting for Derivative Instruments and Hedging Activities, Stern's group circulated a detailed questionnaire asking, among other things, whether the recipient's division had a product that might have an embedded derivative.
accounting for goodwill acquired in a business combination, alleging that the amortization requirement had been a major cause of the dramatic increase in acquisitions of U.