CPI Definition

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CPI see CONSUMER PRICE INDEX.

Learn new Accounting Terms

REVENUE RECOGNITION is the process of recording revenue, under one of the various acceptable methods, in the accounting period. In each period of revenue recognition, all related expenses should be matched to revenue. The most common method of recognizing revenue is at the time of sale or provisioning of service.

ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

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