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imported>Doug Williamson |
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| A cost necessarily incurred in performing duties as an employee or independent professional.
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| 2.
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| More generally, any cost necessarily incurred in order to do something.
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| 3. ''Financial reporting - noun.''
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| An item treated as a cost in the current reporting period, when preparing an income statement.
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| 4. ''Financial reporting - verb.''
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| To account for an item as an expense in the current reporting period, rather than capitalising it.
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| Capitalising an item of expenditure ''defers'' the accounting recognition of the expense into later reporting periods.
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| ==See also== | | ==See also== |
| *[[Accrual]] | | *[[First line of defence]] |
| *[[Accrued expense]]
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| *[[Administrative expenses]]
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| *[[Bad debt expense]]
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| *[[Capitalise]]
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| *[[Depreciation expense]]
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| *[[Expenditure]]
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| *[[Expense relief]]
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| *[[Expenses]]
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| *[[Financial reporting]]
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| *[[Income statement]]
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| *[[Management expenses]]
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| *[[Prepaid expense]]
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| *[[Recognition]]
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| *[[Research & development]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Manage_risks]] |
Latest revision as of 19:57, 26 June 2022
First Line Of Defence.
See also
