what anticipated expense mean
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Identify anticipated and unanticipated income and expenses. Identification should include sources of anticipated income, such as salary, allowance, wages, and educational grants or scholarships, and anticipated expenses, such as. fixed expenses, which are constant and obligatory, such as monthly rent or a house payment.
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Expensed Expensed. 1  Charged to an expense account, fully reducing reported profit of that year, as is appropriate for expenditures for items with useful lives under one year. 2  Charged to an expense account, reducing the profit for a given project or assignment. The term is associated with charges connected to networking and other events used to attract clients or investors. Expensed items are written off on taxes as they reduce profit.
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accrued expense accrued expense. An expense incurred but not yet paid. A firm incurs certain expenses such as wages, interest, and taxes that are paid only periodically. From the time expenses are incurred until the date they are paid, expenses accrue in a firm's balance sheet.
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- Estimated prepaid interest, taxes & insurance. An amount of money equal to (1) the interest that accrues on your loan from your closing date until the last day of the month, plus (2) any real estate taxes due at time of or after settlement date, plus (3) the initial premium of your homeowners insurance policy.
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What is to 'Capitalize' To capitalize an expense and record it as an asset means the company plans on using the item purchased for an extended period of time in the future. An expense is capitalized when it is recorded as an asset, due to its future value, on the balance sheet rather than an expense on the income statement. Companies like to capitalize assets because it reduces expenses and increases net income even though cash flow goes down.
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"What is the difference between an ""expense"" and an ""investment""?" Answering the question directly I would say, an expense is that economic portion of an asset that has been used up within the accounting period, while an investment is that portion of an asset that continues to have future economic value at the the point of reporting.
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What is an 'Accrued Expense' DEFINITION of 'Accrued Expense'. An accounting expense recognized in the books before it is paid for. It is a liability, and is usually current.These expenses are typically periodic and documented on a company's balance sheet due to the high probability that they will be collected.ccrued expenses are the opposite of prepaid expenses. Firms will typically incur periodic expenses such as wages, interest and taxes. Even though they are to be paid at some future date, they are indicated on the firm's balance sheet from when the firm can reasonably expect their payment, until the time they are paid.
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- DEFINITION of 'Interest Expense'. The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any type of borrowings – bonds, loans, convertible debt or lines of credit.It is basically calculated as the interest rate times the outstanding principal amount of the debt.Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest actually paid over that period.EFINITION of 'Interest Expense'. The cost incurred by an entity for borrowed funds. Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any type of borrowings – bonds, loans, convertible debt or lines of credit.
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- An accrued expense is a liability that represents an expense that has been recognized but not yet paid. A deferred expense is an asset that represents a prepayment of future expenses that have not yet been incurred.
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Operating expense On an income statement, operating expenses is the sum of a business's operating expenses for a period of time, such as a month or year. In throughput accounting, the cost accounting aspect of the theory of constraints (TOC), operating expense is the money spent turning inventory into throughput.
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- accrued expense. Definition. An expense that is incurred, but not yet paid for, during a given accounting period. “ I have an accrued expense while I was on my work trip in several countries during the past several months.
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Accrued Expense Accrued Expense. Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.
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What is an 'Accrued Expense' What is an 'Accrued Expense'. An accrued expense is an accounting expense recognized in the books before it is paid for. It is a liability, and is usually current. These expenses are typically periodic and documented on a company's balance sheet due to the high probability that they will be collected. Next Up.
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Define Expenses Previous lesson: Accrued Income (Part 2) Next lesson: Accrued Expenses (Part 1) If we define income as the event that results in money flowing into the business, then how do you think we define expenses? Expenses are simply the events that result in money flowing out of the business.
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Accrual An example of an accrued expense is a pending obligation to pay for goods or services received from a counterpart, while cash is to be paid out in a later accounting period when the amount is deducted from accrued expenses.
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- A prepaid expense is an asset on the balance sheet. Due to accounting principles, expenses are often accrued on the balance sheet and expensed in a later period. Markets. Interest expense is the cost of borrowing money. Investing. An operating expense is any expenditure made for the purpose of operating a business.
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- Expense budget planning is an important part of any budget. An expense budget is a list of forecasted expenses within a set amount of time. An expense budget could cover a quarter, an entire year or just a month.
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- Cost of Attendance. The estimated cost of attendance (COA) or student budget is an approximation of the total costs a typical student may incur during the academic year (fall and spring semesters).
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Definitions &Translations Freebase(4.50 / 2 votes)Rate this definition: Expectation. In the case of uncertainty, expectation is what is considered the most likely to happen. An expectation, which is a belief that is centered on the future, may or may not be realistic. A less advantageous result gives rise to the emotion of disappointment.
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expense expense. Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business. Expenses may be in the form of actual cash payments (such as wages and salaries), a computed expired portion (depreciation) of an asset, or an amount taken out of earnings (such as bad debts).Expenses are summarized and charged in the income statement as deductions from the income before assessing income tax.xpenses may be in the form of actual cash payments (such as wages and salaries), a computed expired portion (depreciation) of an asset, or an amount taken out of earnings (such as bad debts). Expenses are summarized and charged in the income statement as deductions from the income before assessing income tax.
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Operating Expense Why it Matters: Operating expense is a key component in the calculation for operating income, and operating income is a crucial component of many financial measures.The lower a company's operating expenses are, the more profitable it generally is.hy it Matters: Operating expense is a key component in the calculation for operating income, and operating income is a crucial component of many financial measures.
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Expense Accounts 6. Insurance Expense - insurance premiums paid or payable to an insurance company who accepts to guarantee the business against losses from a specified event; 7. Interest Expense - cost of borrowing money; 8. Rent Expense - cost paid or to be paid to a lessor for the right to use a commercial property such as an office space, a storeroom, a building, etc. 9.
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What Does It Mean if a Company Has Unusual Expenses in Its Income Statement? The income statement summarizes sales, expenses and profits for an accounting period. Expenses include cost of goods sold, operating and non-operating expenses, and unusual expenses. Operating expenses include administration and advertising, while interest and taxes are some of the non-operating expenses.ypes. Unusual items include discontinued operations, extraordinary items and changes in accounting principles. Discontinued operations refer to the sale or shutdown of a significant operating unit. For example, the costs associated with shutting down overseas manufacturing operations would count as unusual expenses.
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What is preliminary expenditure? What is the treatment for the preliminary expenditure? Answer Wiki. Thanks for A2A. The word 'preliminary' means introductory or initial. Going by the word meaning, the expenses incurred in the formation and setting up of a business in general and especially the company, are known as preliminary expenditure. Preliminary expenditure comprises under its purview, various expenses incurred in order to bring company into existence.
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- In short, the interest income or expense recognized in a reporting period is the effective interest rate multiplied by the carrying amount of a financial instrument.
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Instructions for Form 990 Return of Organization Exempt From Income Tax (2017) Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Prepaid Expense and Other Assets, Current, Total.