Accounting Ratio
An accounting ratio is a numerical comparison derived from financial statements to evaluate a company’s performance, efficiency, or liquidity. Ratios like profitability, solvency, and liquidity provide insights into strengths and weaknesses, helping stakeholders make informed decisions. They serve as a vital tool for benchmarking and financial analysis.
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Australian Accounting Standards Board (AASB)
The statutory body responsible for developing and maintaining accounting standards in Australia. AASB standards are largely aligned with IFRS but include additional requirements for not-for-profit and…
Accounts Payable Aging
A report that categorizes outstanding vendor invoices by due date ranges (e.g. 0–30, 31–60 days), used to manage cash flow…
Active Income
Allocation is the process of distributing costs, revenues, or expenses to different accounts, departments, or projects based on predefined criteria.…
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