Balance sheet: related pages

The accounting principle of matching of costs to the revenues they generate.

A balance sheet item for expenses for which invoices have not been received at the end of an accounting period.

Income received during an accounting period for goods and services not yet supplied.

The allocation of the cost of an asset to the profit and lost account by allocating part of the cost to each year of its estimated useful life.

The cost shown in the profit and loss account as the result of a fall in the value of an asset.

Deduction made in a company's consolidated accounts for amounts attributable to minority shareholders in group companies.

Events that occur after the balance the date to which accounts are prepared, but which have a material impact that must be disclosed in the accounts.

Any amounts that have been paid for goods and services not received by the end of an accounting period. Shown as a current asset in accounts.

Accounts drawn up as though acquisitions and disposals that took place during a period, had taken place at the start of it.

Requires that the buyer must be identified, and therefore goodwill created, in accounting for mergers and acquisitions.

A statement which shows the movement of cash (i.e. spent and received) during a given period.

A statement of the gains and losses made by a company during a period including those not shown in the profit and loss account.

A financial statement that shows the profit or loss a company has made over a period of time.