ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COST CEILING Definition
COST CEILING, in project management, is the sum of the Project Cost Target plus the projects Contingencies cost allowances.
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STATEMENT OF RETAINED EARNINGS is one of the four basic financial statements; the Statement of Retained Earnings is a reconciliation of the Retained Earnings account. Information such as dividends or announced income is provided in the statement. The Statement of Retained Earnings provides information about what a companys management is doing with the companys earnings.
REVENUE PRINCIPLE is where revenues are recorded when they are earned regardless of timing of cash receipts.