Accounting – Page 7 – itho's internet resources

Accounting Information System (AIS): Definition and Benefits

By Itho November 15, 2010

[ad_1] What is an Accounting Information System (AIS)? An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report…

Accrued Revenue: Definition, Examples, and How To Record It

By Itho November 15, 2010

[ad_1] What Is Accrued Revenue? Accrued revenue is revenue that has been earned by providing a good or service, but for which no cash has been received. Accrued revenues are…

Drawing Account: What It Is and How It Works

By Itho November 15, 2010

[ad_1] What Is a Drawing Account? A drawing account is an accounting record maintained to track money and other assets withdrawn from a business by its owners. A drawing…

What Is a Budget Surplus? Impact and Pros & Cons

By Itho November 9, 2010

[ad_1] What Is a Budget Surplus? A budget surplus occurs when a business or government's revenue exceeds its expenses during its fiscal year. Strong growth, high tax or sales revenue,…

Cash Flow From Operating Activities (CFO): Definition and Formulas

By Itho October 21, 2010

[ad_1] What Is Cash Flow From Operating Activities (CFO)? Cash flow from operating activities (CFO) indicates the amount of money a company generates from its ongoing, primary business activities, such…

Accounting Ratio Definition and Different Types

By Itho October 11, 2010

[ad_1] What Is an Accounting Ratio? Accounting ratios, an important sub-set of financial ratios, are a group of metrics used to measure the efficiency and profitability of a company based…