ACCOUNT-CLASSIFICATION METHOD Definition

Bookmark and Share

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.

Learn new Accounting Terms

CR, in accounting, is an acronym for Credit Record. See CREDIT RECORD.

GMROI is an acronym for Gross Margin Return On Investment (retail).

Suggest a Term

Enter Search Term

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