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Foreign currency split method
Multi-Currency Accounting Method
The multi-currency accounting method is a tool used by businesses to mitigate exchange rate risk when dealing with foreign vendors or customers, by recording and reporting the income, expenses and assets of their business based on the underlying functional and pres......
06/07/2023 
1061 
Sophia
Non-current assets due within one year
Non-Current Assets
Non-current assets are long-term resources that are used to generate revenue for an organization. They are long-term investments that will generate economic benefit to the organization over an extended period of time, usually longer than one year. Non-current assets include inv......
Liquidation group
Gold Market
The Gold Market is known as a commodity market, where gold is bought and sold. The Gold Market is one of the most important and complex commodity markets in the world, and it has a huge impact on the global economy.
Gold has a long history as a form of money and is still used as a fo......
finite repeated game
Finite Repeated Games
Finite repeated games are games in which a game is repeatedly played between two players. This type of game requires a high level of strategic thinking, and in each iteration of the game, the players must evaluate the previous moves and then decide upon an appropriate course......
cash basis accounting
Cash Accounting
Introduction
Cash accounting is a written method of recording financial transactions. This type of accounting is only concerned with the cash that is being spent and received. It ignores any money transfers that take place. Cash accounting does not take into consideration any rev......
growth accounting
Definition
Accrual accounting, also known as the accrual basis of accounting, is a method of accounting for transactions in which revenues and expenses are recognized when they are earned or incurred, rather than when cash is exchanged. Revenues and expenses are recognized in the same accounting p......
general ledger
Introduction
Classified accounting, or “total classification” accounts, is a system of accounting in which income and expenses are allocated to specific accounts or categories. This system breaks down the accounts into more specific categories than traditional accounting systems, allowing for m......
single entry bookkeeping
Single-Entry Bookkeeping System
Single-entry bookkeeping is the simplest form of bookkeeping and may be adequate for small businesses that do not need precise financial records. It is an informal system that records only cash flow - incoming and outgoing, and is often done on paper in a ledger; h......
Commercial books
Business Ledgers
Business ledgers are an essential tool for any business that is engaged in making or selling products or services. A business ledger is an accounting system that provides an up to date and organized record of all financial transactions within a company. Ledgers are typically cent......
Thermochemical Database
A thermochemical database is a compilation of entries that contain various forms of thermodynamic data and properties. In the context of physical chemistry, thermodynamics is a branch of science that studies the energy changes associated with physical and chemical transformations. entries in a the......
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