The phrase "accounting concept" is correct and usable in written English.
It can be used when discussing principles or ideas related to accounting practices and theories.
Example: "The accounting concept of accrual basis emphasizes recognizing revenue when earned, rather than when received."
Alternatives: "accounting principle" or "accounting theory".
Cash flow, Financial and accounting concept.
However, in relation to the accounting concept of "preparatory closing entries", Seifried (2004) showed in the same study that students' prior knowledge explained 56%% of the score variation in a learning-goal-oriented knowledge test.
Profits (or earnings), for instance, are largely an accounting concept that can easily be massaged by clever finance directors.
A deferred tax asset is an accounting concept arising from differences in timing between book income and taxable income.
Book value includes "goodwill," an accounting concept that is used in acquisitions to make both sides of the ledger match up.
"Taxable income," it should be remembered, is a legal concept rather than an accounting concept, and tax laws typically contain incentives that encourage companies to do certain things while discouraging them from doing others.
Revenue recognition — the decision on when to record the income from an activity — is among the most fundamental of accounting concepts.
In the trial of Jeffrey K. Skilling, the former chief executive of Enron, which is expected to begin next winter, federal prosecutors will have to explain arcane accounting concepts to the jury.
In this paper we juxtapose two well-known accounting concepts: relevance and reliability.
Although our study did not aim to analyse how central accounting concepts are related to each other, we briefly illustrate what potentially supports knowledge integration: 1. Accounting concepts (in the curriculum under investigation) often share the same skills.
In the future, they will only need to count up what they have received and paid, and not worry about complicated accounting concepts such "accruals" and "prepayments".
