ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
MONEY MEASUREMENT PRINCIPLE Definition
MONEY MEASUREMENT PRINCIPLE see MONEY MEASUREMENT CONCEPT.
Learn new Accounting Terms
VISUAL-FIT METHOD is a cost estimation method where an analyst examines a cost by plotting points on a graph (called a scatter diagram) and places a line through the points to yield a cost function. This method is more objective than the account-classification method, but it is still lacking because two cost analysts could (and likely would) visually fit different lines. Such an approach is useful, though, because it helps spot non-representative data points, or outliers.
FSC is Foreign Sales Corporation.