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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 ?
48, Accounting for Uncertainty in Income Taxes) should also be discussed.
A lot of what we are trying to do right now is maintain the status quo on accounting for insurance contracts," he said.
04(3), a taxpayer receives audit protection for the new method of accounting for taxable years for which a return has been filed as of the date of the closing agreement.
144, Accounting for the Impairment or Disposal of Long-Lived Assets, and International Accounting Standard (IAS) 35, Discontinuing Operations--and jointly concluded that Statement no.
Taxpayers not currently accounting for line pack and cushion gas under this guidance may automatically change to a method consistent with the holding in Rev.
97-27, relating to the conditions and procedures for obtaining the Commissioner's consent for a change in a taxpayer's method of accounting for federal income tax purposes.
Anticipatory or forecasted transactions -- The hedge-accounting difficulties arise when your future transaction is an anticipatory or "forecasted" strategy, because SFAS 52 prohibits hedge accounting for any hedge of a future transaction that isn't "firm.
Local institutions are the dominant providers of household financial services, accounting for 84 percent (2.
16 and 17 on accounting for business combinations and goodwill.
123, Accounting for Stock-Based Compensation (October 1995).
92-20 provides that if the taxpayer timely files a Form 3115 with the National Office, an examining agent may not propose that a taxpayer change the same method of accounting for a year prior to the year of change prescribed under the procedure.
Since fewer shares are considered outstanding under SOP 93-6 than under the old accounting, earnings per share may increase or decrease under the new rules, even after accounting for the reduction in net income that stems from adopting the SOP.

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