by Online Tutorial & Training Guide | Sep 22, 2025 | Assets, Chart of Accounts, Terminologies
The cost of obtaining the right to operate under a franchise brand. Provides access to trademarks, business models, and marketing support. Amortized over the agreement term.
by Online Tutorial & Training Guide | Sep 22, 2025 | Internal Controls & Compliance, Terminologies
Processes designed to safeguard assets, ensure reliable reporting, and promote compliance with laws. Includes separation of duties, approvals, and reconciliations. A strong system reduces fraud risk.
by Online Tutorial & Training Guide | Sep 21, 2025 | Accounting Proram, Terminologies
Functions that allow movement of information in and out of the software, often through spreadsheets or APIs. Useful for migrating data or integrating with other systems. Promotes flexibility and continuity.
by Online Tutorial & Training Guide | Sep 21, 2025 | Measurement & Valuation, Terminologies
The estimated value of an asset at the end of its useful life. Used in calculating depreciation. Also called salvage value.
by Online Tutorial & Training Guide | Sep 21, 2025 | Accounting Fundamentals, Terminologies
The systematic process of recording, classifying, and summarizing financial transactions to provide useful information for decision-making. It ensures business activities are captured accurately and consistently. Accounting forms the foundation for financial reporting...
