EXPENSED - Charged to an expense account, fully reducing reported profit of that year, as is appropriat...
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Recapturing the Expensed Amount
Remember that to claim the expensing election for a piece of property, you must use the property at least half the time for business purposes.
The unexpensed portion of the difference between the price paid for a security and its par value.
Uncovered call ...
Lease payments are expensed as they are paid, except for prepayment for future payments, such as the final month of the lease.
Capital leases (also known as financial leases) ...
Capitalized interestInterest that is not immediately expensed, but rather is considered as an asset and is then amortized through the income statement over time. In the context of project financing, interest that is paid by additional borrowing.
Unamortized premiums on investments The unexpensed portion of the difference between the price paid for a security and its par value.
Likewise, the cost of inventory delivered to a customer should be expensed when the sale is recognized. This is what is meant by associating cause and effect, and is also referred to as the matching principle.
tax law provision permitting a certain amount of depreciable business personal property purchased each year to be expensed rather than depreciated.
ACCOUNTING AND DISCLOSURE ISSUES: Stock compensation was expensed for the first time, in 2006 with no restatement of past periods although data of the compensation was provided for past years going back to 2000.
Second, examiners should ensure that expensed travel is not personal in nature. As mentioned in the preaudit section, travel will often be a significant item in the art and art gallery industry. Gallery owners travel to buy, sell, and track art.
The labor cost is not expensed immediately in manufacturing Accounting. Rather, the labor cost becomes part of an asset, Inventory. When the Inventory becomes sold, the entire Inventory cost is transferred to Cost of Goods Sold.
For example, the FASB requires that expenses related to research and development (R&D) be expensed when incurred.
Research and development costs applicable to developing the product, process, or idea are immediately expensed. Legal costs of a successful defense of a patent are capitalized and amortized over the remaining life.
Interest that is not immediately expensed, but rather is considered as an asset and is then amortized through the income statement over time.
Carry
The Net financing cost.
Period costs: Costs that are expensed when incurred (subject to the principles of accrual accounting), because they cannot be associated with the manufacture of products.
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An operating lease is a short-term, cancelable lease. An operating lease is expensed and not capitalized on the books of the company. See Capital Lease.
Other Assets
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When a company purchases an asset that the company intends to use over a period of time, such as a piece of factory equipment or a building, the asset's entire cost isn't immediately expensed on the income statement.
An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement.
Prepayment penalty
A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.
Indirect cost or overhead - A cost which cannot be identified with a particular unit of output. 2) Is that part or percentage of a cost which indirectly is expensed in providing or producing a product / service for sale (the firm is unable to ...
Capitalized Costs are incurred when building or financing fixed assets. Capitalized Costs are not expensed in the period they were incurred, but recognized over a period of time via depreciation or amortization.
In case of issuing securities without specific maturity, such as perpetual preferred stock, financing costs are not capitalised and expensed immediately.
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Spending on items with a useful life of more than one year. The price of these items affects the "investing" section of the cash flow statement in the year purchased, and then gets expensed over many years on the income statement via depreciation.
Prepaid interest
An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement.
Research and development costs are costs of activities undertaken by firms to create new products and processes, improve old ones, and discover new knowledge that may be of value in the future. All of these types of costs are expensed except those ...
Difference between a bond's face value and the proceeds received from the bond's sale, less the amount written off to expense as reported on the profit and loss statement--that is, amortized. The amount still to be expensed at any point is the ...
The purchase of or outlay for an asset with a life of more than a year, or one that increases the capacity or efficiency of an asset or extends it's useful life. Generally, such expenditures cannot be deducted currently for tax purposes (or expensed ...
Reserve for Prior Year Encumbrances
An amount budgeted as a revenue for a multi-year fund to provide budget authority for items encumbered in one year, but which may not actually be expensed until a future year.
income tax purposes, they are amortized when it comes to financial reporting-either over the remaining term of the lease or their expected useful life, whichever is the shorter. Annual payments incurred under a franchise agreement should be expensed ...
Acquisition cost of a computer purchased for business use is a common question for IRS expense rules: "The entire acquisition cost of a computer purchased for business use can be expensed under Code section 179 in the first year if qualified, ...
the transactions costs of spreads, normally incurred in unlisted securities and foreign stocks. These two costs can add significantly to the reported expenses of a fund. The expense ratio is often termed an Operating Expense Ratio (OER).
Expensed ...
Reducing balance: a method of depreciation whereby the asset is expensed to the Profit and Loss (P&L) Account over its useful life by applying a fixed percentage to the written down value.
CURRENT ASSETS -- The cash, accounts receivable, inventory, and other assets that are likely to be converted into cash, sold, exchanged, or expensed in the normal course of business, usually within a year.
expensed Having the characteristic of being charged to an expense account. experience rating A quantitative measure used by an insurance firm to determine how much a given... expiration Termination, end.
 See also: Expense, Expected return, Banks, Capital expenditure, Capitalized
  
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