Accounting glossary

Accounting This glossary is about the program I've been studying in for the past 1 year: Accounting and Management technology. You will find definitions of some technical words that we use. Accrued depreciation Noun In appraisal, accrued depreciation is the loss in value from reproduction or replacement cost new due to all causes except depletion, as of the date of appraisal. Example: An accrued depreciation is related to a car. fr: Amortissement Your browser does not support the audio element. Asset Noun In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. Example: A car fr: Actif Your browser does not support the audio element. Book value Noun Book value is the net value of a firm's assets found on its balance sheet, and it is...