Glossary of Accounting Terms Used by Friedlander Advisory Services
Confused by certain terms used on our site? Our original glossary should cover whatever questions you may have about a term or phrase used on this site. However, if you still have questions about avoiding costs and our accounting procedures after examining this glossary, go ahead and <link to contact us page>get in touch with us to have your question taken care of personally.
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Businesses functions conducted day-to-day business over the Internet and/or other electronic networks such as electronic data interchange (EDI). Electronic business includes collaborating with distributors on sales promotions, interacting with and servicing the customers, and conducting joint research with business partners.
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Business conducted through the use of computers, telephones, fax machines, barcode readers, credit cards, automated teller machines (ATM) or other electronic appliances (whether or not using the internet) without the exchange of paper-based documents. It includes activities such as procurement, order entry, transaction processing, payment, authentication and non-repudiation, inventory control, order fulfillment, and customer support. When a buyer pays with a bank card swiped through a magnetic-stripe-reader, he or she is participating in e-commerce.
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Best determined through the inverse relationship between the amount of time elapsed between revenue recognition and cash collection.
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Ownership. When you own part of something, you have equity in it.
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| Call Today |
| (727) 452-4926 |
Accounting Tampa
P.O. Box 14821
Clearwater, Florida 33766 |
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