Depreciation and Wallet: Difference between pages

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1. ''Financial reporting''
1. ''Information technology - payment systems - payment cards.''


Accounting depreciation spreads the cost of a long-term asset over its total life.  
Abbreviation for electronic wallet, or digital wallet.


The depreciation accounting charge reflects:
* the estimated periodic cost to a business
* of a physical capital asset
* spread over its estimated useful economic life.


Accounting depreciation seeks to ensure that the total accounting cost of a capitalised asset is appropriately spread and matched to the economic benefits of using the asset.   
2.  ''Information technology - blockchain - cryptoassets.''


In the context of cryptoassets, a wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets.


Methods of spreading the total accounting cost include Straight line, Reducing balance and Sum of the digits.


Financial reporting standards generally permit the use of any systematic basis of allocating the total cost over the useful life of the asset.
3.  ''Financial services - share of wallet.''


Profitable banking services, from the perspective of the service provider, and bank relationship management.


It's important to be clear about the distinction between the:
Especially in the context of that the service providing bank's share of a total amount of business.
*Depreciation charge for the period, reflected in the income statement; and
*Cumulative depreciation provision at the end of the period, reflected in the balance sheet.




The depreciation charge is an in-period accounting expense, charged against profits for the period.
4.  ''Money - banknotes - cards.''


The cumulative provision for depreciation is a liability in the balance sheet. It's offset against the cost of the assets, to calculate their accounting net book value.
A physical case for personal banknotes and plastic cards.
 
 
2.
 
More generally, any decrease in the value of an asset resulting from the passing of time.
 
 
3. ''Foreign exchange''
 
A decrease in the value of a currency.




== See also ==
== See also ==
* [[Accumulated depreciation]]
* [[Bank]]
* [[Amortisation]]
* [[Blockchain]]
* [[Appreciation]]
* [[Card]]
* [[Assets]]
* [[Crypto wallet]]
* [[Capital allowances]]
* [[Cryptoassets]]
* [[Carry trade]]
* [[Digital wallet]]
* [[CertICM]]
* [[Electronic wallet]]
* [[Cost]]
* [[Financial services]]
* [[EBITDA]]
* [[Information technology]]
* [[International Fisher Effect]]
* [[Money]]
* [[Net book value]]
* [[Payment service provider]]  
* [[Property, plant and equipment]]
* [[Prepaid card]]
* [[Provision]]
* [[Relationship banking]]
* [[Reducing balance]]
* [[Retail]]
* [[Straight line]]
* [[Server]]
* [[Sum of the digits]]
* [[Share of wallet]]
* [[Tax depreciation]]
* [[Smart cards]]
* [[Writing down allowance]]
* [[Smartphone]]
* [[Wallet provider]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 13:52, 18 June 2023

1. Information technology - payment systems - payment cards.

Abbreviation for electronic wallet, or digital wallet.


2. Information technology - blockchain - cryptoassets.

In the context of cryptoassets, a wallet is a tool used to store the private password (key) for accessing cryptoassets on the blockchain and to share the public address for receiving cryptoassets.


3. Financial services - share of wallet.

Profitable banking services, from the perspective of the service provider, and bank relationship management.

Especially in the context of that the service providing bank's share of a total amount of business.


4. Money - banknotes - cards.

A physical case for personal banknotes and plastic cards.


See also

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