Accumulated Dividend
Accumulated dividend is dividend which is not paid to a holder of cumulative preference shares which is carried forward to the next accounting period. Accumulated dividend is the liability to the company.
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Accumulated Depreciation
Accumulated depreciation also known as aggregate depreciation. It is the total amount of the depreciation which is written off of the valuation or the cost price of a fixed asset since the asset was brought in the balance sheet. Accrued Income Scheme
Accrued Income Scheme is an arrangement which is applies in the UK to dispose of interest bearing securities. The purpose is to prevent the avoidance of an income tax liability on accrued interest. The interest accrued between the date of the last interest payment and the date of disposal is noticed for tax purposes as income of the transferor. The transferee can deduct this sum from taxable income. The accrued income scheme is not applicable if the transfer is part of the trade or non-residents. Or spouse or civil partners when the total nominal value of the securities does not exceed specific amount. Accrued Interest
Accrued interest is the amount of interest that is earned by bond or other security since the last payment of interest but not yet received. Accrued Benefits
Accrued benefits are benefits due under a defined benefit pension scheme based on service up to a given time. Accrued benefit is calculated in relation to the protected final earning or current earnings Financial Reporting Standard 17, Retirement Benefits and Statement of Standard Accounting Practice 24, contains rules and regulations on accounting for pension costs in financial accounts. It is important for listed companies from January 2005 to comply with International Accounting Standard 19, Employee Benefits. Accrual Concept
Accrual Concept is one of the four fundamental accounting concepts which is laid down in Statement of Standard Accounting Practice 2, Disclosure of Accounting Policies. It is also recognized by the Companies Act 1985 and the EU Fourth Accounting Directive. The Financial Reporting Standard 18 reaffirmed the importance of accruals concept which superseded SSAP 2 and International Accounting Standard 18. The accrual concept requires the costs and revenue be recognized as they are incurred or earned not when the money is paid or received. Income and expense need to be matched with each other as far as the relationship can be established or justifiably assumed and dealt with in the profit and loss account of the period to which they relate. Accruals and prepayment are example of the use of accruals concepts in practical setting. For instance, if a rates of bill for current and future period is paid, the part of future payment is carried forward as a current asset known as prepayment until it matched the future periods. Accrual
Accrual or accrual charge is an amount which is incurred as a charge in a given accounting period but not paid at the end of that period. Acceptance
Acceptance is when the signature of someone is added to a bill of exchange. Thus it means that you accept the liability to pay the bill at maturity when the original signatory default in payment. The acceptor is taking the risk and makes a charge for this. Acceptance of bill of exchange by a credible financial institution such as merchant bank, makes it the bill safer to hold and easier to sell. Accelerator
It is an economic model which study the relationship between investment and to the change in the output. The accelerator model affirms that the firms will invest more if the output is rising and the firm will invest less if the output is falling. Behind this model, there is an underlying principle of demand and supply. If there is a rise in demand, the firm will produce more. This will lead to the rise of output. The rise in output raises the ratio of output to capacity.This will lead to further expectation of further rises in demand and it will be more profitable for the firms to have more capital equipments. Accelerated Depreciation
Accelerated depreciation is the right to write down the capital goofs for tax purpose. It is faster than the rate at which they normal depreciated. The purpose of accelerated depreciation is to promote investment which enable the company to defer the its taxes when it starts to invest. Based on the concept of accelerated depreciation, the profit of the firm excluded of depreciation and therefore it tax liabilities are lower than under normal depreciation. When the capital goods are written off, profit net depreciation become higher than they would have been under normal depreciation. |
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