ACCOUNT-CLASSIFICATION METHOD Definition

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ACCOUNT-CLASSIFICATION METHOD, also called account analysis, is a cost estimation method that requires a study of an account in the general ledger. The experienced analysts use the account information as well as their own judgment to determine how costs will behave in the future.

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EXPIRED EXPENSE is an expense having come to an end or become void after passage of a period of time.

BENEFICIAL OWNER is the person who enjoys the benefits of ownership even though title is in another name (often used in risk arbitrage).

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