Glossary of Accounting Terms

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Index of Accounting Terms - M

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Managerial Accounting Icon representing internal decision support
Managerial Accounting Related Terms: Cost Accounting, Budgeting, CVP Analysis, Financial Accounting, Performance Analysis What is Managerial Accounting? Discover how this accounting field provides internal financial information for planning, decision-making, performance management, and control within an organization.
Icon representing tax brackets or increasing tax rates
Marginal Tax Rate Related Terms: Tax Bracket, Effective Tax Rate What is Marginal Tax Rate? The percentage of tax applied to your income for each tax bracket you enter.
Icon representing matching revenues with related expenses
Matching Principle Related Terms: Expense Recognition Principle What is the Matching Principle? An accounting principle that requires expenses to be recognized in the same period as the revenues they helped to generate.
Icon representing costs with fixed and variable parts.
Mixed Costs Related Terms: Semi-Variable Costs, Semi-Fixed Costs What are Mixed Costs? Costs that have both fixed and variable components, changing in total but not proportionally with activity levels (e.g., utility bills).
Icon representing accelerated depreciation of assets
Modified Accelerated Cost Recovery System (MACRS) Related Terms: MACRS, Depreciation Schedule, Tax Depreciation What is Modified Accelerated Cost Recovery System (MACRS)? The main method of depreciation used for income tax purposes in the United States.
Icon representing a blend of cash and accrual accounting
Modified Accrual Accounting Related Terms: Hybrid Accounting, Partial Accrual What is Modified Accrual Accounting? An accounting method that combines elements of both accrual and cash-basis accounting, often used by governmental entities.
Icon representing a cash-basis with some accruals
Modified Cash-Basis Related Terms: Hybrid Cash Accounting What is Modified Cash-Basis Accounting? A variation of the cash-basis accounting method where certain items, such as fixed assets, are treated on the accrual basis.
Icon representing a temporary suspension
Moratorium Related Terms: Payment Suspension, Deferment, Freeze What is a Moratorium? A temporary suspension of payments or legal obligations, often granted during times of economic hardship.

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