Target Income
A level of income that is to be obtained; CVP projects activity levels necessary to achieve this benchmark
OpenFinancial Dictionary
Accounting & Finance Terms (English)
Tariff
usually, a country's tax on imports. May sometimes refer to the rate of tax; and, is used interchangeably with the term “duty”.
OpenTariff Ad Valorem
is a tariff determined as a percentage of the value of the goods.
OpenTax
Charge levied by a governmental unit on income, consumption, wealth, or other basis.
OpenTax base
The tax base is the amount of income on which the tax will be calculated after making the necessary tax adjustments according to the tax laws on net income, whether it is a company or an individual.
OpenTax base
The amount attributed to an asset or liability for tax purposes.
OpenTax Court
The Tax Court is the court competent to examine tax-related issues for ruling, in the event that the state allocates a court to consider specific types of tax-related problems only.
Opentax depreciation
The depreciation used on a company's income tax return. Usually this is different from the depreciation used on the financial statements.
OpenTAX EFFECT METHOD
tax effect method is where, irrespective of when is a tax payable, its effect should be recognized in the year in which the relevant income has been recorded.
OpenTax Invoice
A tax invoice is a document issued for a taxable supply showing required VAT details.
OpenTax loss carry forward/backward
is a tax benefit that lets a company or individual to deduct losses in order to reduce a tax liability.
OpenTax loss carryforward
Carrying forward tax losses to offset future taxable profits.
OpenTax Payable Method
is where the tax expense is equal to the provision for taxes payable in a particular period and deferred income tax is not recognized.
OpenTax Period
A tax period is the time interval for which VAT returns are filed.
OpenTax residency
The status determining in which jurisdiction a person or entity is taxable.
OpenTax Year
The period used to compute a taxpayer's TAXABLE INCOME is tax year. It is an annual period that is either a calendar year , FISCAL YEAR or fractional part of a year for which the return is made.
OpenTaxable
refers to funds subject to taxation.
OpenTaxable Income
Taxable income is the income that is reported to the government for purposes of calculating income tax after deducting any deductions under the laws.
OpenTaxable income
Profit after adjusting accounting profit for tax rules.
OpenTaxable Supply
A taxable supply is a supply of goods or services subject to VAT at the standard or zero rate.
OpenTaxation
The process of taxing the government for example sales tax or income.
Opentelephone expense
The cost of telephone service that was used during the period reporting, also named communication expenses
Opentemporary accounts
Accounts that are closed at the end of each accounting year. Included are the income statement accounts (revenues, expenses, gains, losses), summary accounts (such as income summary), and a sole propr...
OpenTemporary difference
Differences between the carrying amount of an asset or liability and its tax base.
Opentemporary help expense
The amount of temporary staffing costs that were used during the time interval indicated in the heading of the income statement.
OpenTestimony
Testimony is evidence given by a competent witness under oath.
OpenThe Commercial Invoice
The commercial invoice name is used internationally as a legal document to ship goods between merchants and usually contains the name of the exporting company and the importing company, the contents o...
OpenThe Invoice
It is an invoice issued by the seller to the buyer and contains a detailed list of what was sold, whether it is a good or service. The full information on the invoice should indicate the place of ship...
Opentheory of double entry
you can see Double Entry.
OpenThird Party
A third party is someone other than those directly involved in a transaction or agreement,
OpenThird Party Recovery
Third Party Recovery normally refers to delinquent accounts receivable recovered by a collection agency for a fee.
OpenTI
It's mean, among others, Total Income or Tenant Improvements.
OpenTIC
is Total Invested Capital.
OpenTIC/EBIT
is one of the earnings multiples ratios used in determining company value.
OpenTILL ROLL
is a roll of paper on which the separate amounts of money paid for goods are recorded in a retail shop cash register.
Opentime deposit
is a bank deposit that can be withdrawn only after a set period of time or with prior notice, e.g. a certificate of deposit (CD).
Opentime period assumption
Also known as the periodicity assumption. the accounting guideline that allow an entity make reporting every fiscal period
Opentime period Concept
It stipulates that the economic entity shall adhere to fixed time periods to announce the result of the business and financial position, regardless of the end of projects or the sale of all goods.
OpenTime scale
A timescale is usually used in the implementation of projects to arrange works according to time to meet the requirements required for each work and know the period of completion.
OpenTime Value of Money
The time value of money is the concept that the money that is received today is higher than the money that is received in the future, meaning that the dollar that the company receives today is higher ...
OpenTo Date
is prior to the current date.
OpenTotal Assets
Total Assets is equal Current Assets and non Current Assets , also can called Assets
OpenTotal Assets TurnOver
It measures the efficiency of management in managing all of the company's assets specifically generating revenue, and is calculated by dividing the net revenue by the total assets or the average of th...
OpenTotal Current Assets
Total current assets are also current assets
OpenTotal Current Liabilities
Total Current Liabilities are also Current Liabilities
OpenTotal Liabilities
Total Liabilities is equal Currnet and long-term Liabilties
OpenTotal Liabilities & Net Worth.
is sum all Liabilities items and Equity items
OpenTotal Non-Current Assets
Total Non-Current Assets is Non-Current Assets
OpenTotal Non-Current Liabilities
Total Non-Current Liabilities is Non-Current Liabilities
OpenTotal Revenue
Total revenue is revenue without deduction of any discounts.
Open