Expense and FIC: Difference between pages

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1.  
FICtional currency unit.


A cost necessarily incurred in performing duties as an employee or independent professional.
Used for illustrative purposes in some foreign exchange training materials.




2.
== See also ==
* [[CU]]
* [[FCU]]


More generally, any cost necessarily incurred in order to do something.
[[Category:The_business_context]]
 
[[Category:Financial_products_and_markets]]
 
3. ''Accounting - noun.''
 
An item treated as a cost in the current reporting period, when preparing an income statement.
 
 
4. ''Accounting - verb.''
 
To account for an item as an expense, rather than capitalising it.
 
 
==See also==
*[[Accrued expense]]
*[[Capitalise]]
*[[Expenditure]]
*[[Expenses]]
*[[Income statement]]
*[[Research & development]]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 12:31, 26 June 2022

FICtional currency unit.

Used for illustrative purposes in some foreign exchange training materials.


See also