DISCRETIONARY FIXED COSTS Definition

Bookmark and Share

DISCRETIONARY FIXED COST normally has a budgetary life of under one year, i.e. the cost arises from annual budgetary decisions by management in specific fixed cost areas, e.g. R&D or Marketing.

 

Learn new Accounting Terms

BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

RECONCILE / RECONCILIATION is the adjusting of the difference between two items (e.g., balances, amounts, statements, or accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).

Suggest a Term

Enter Search Term

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