SHORT-TERM Definition

Bookmark and Share

SHORT-TERM usually encompasses a calendar of 12 months or less.

Learn new Accounting Terms

EXISTENCE, in accounting, deals with whether assets or liabilities exist at a given date. For example, management asserts that finished goods inventories in the balance sheet are available for sale.

INCOME APPROACH is a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated benefits into a present single amount.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.