Accounting Definitions

This is an internet database containing the ABN details of sole traders,…

Accessibility is the practice of ensuring that websites and physical businesses are…

Accounts payable are any unpaid invoices, bills, or other liabilities that have…

Any payments expected from clients that have already received their goods or…

Accounts receivable finance is when a company buys out a debt or…

Accrual accounting is an accounting system where transactions are recorded when the…

When a business is taken over in an acquisition, that business is…

When a business is acquired and becomes an acquiree, the entity that…

Acrobat Reader is a software package for reading pdf files. It is…

Asymmetric digital subscriber line. ADSL uses copper wires to provide internet and…

When an entity uses another organisation to provide a service, that other…

Someone who has the authority to act on the behalf of a…

When an asset is written off over a period of time, the…

Anti-dumping laws ensure that imported goods cannot be sold at unfairly low…

Short for applications, apps are any programme that you use on a…

Any items of value that a business entity owns are considered assets.…

Audits are carried out by licensed officials called auditors to verify the…

This is part of the Australian Department of Industry. It was established…

All businesses in Australia are issued an ABN by the ATO. It…

The ABR stores information and details of Australian businesses and entities.