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expense calculator

Comprehensive Analysis

1) "Expense" -- As to expense calculator 1ex·pense Pronunciation: ik-'spen(t)s Function: noun Etymology: Middle English, from Anglo-French or Late Latin; Anglo-French, from Late Latin expensa, from Latin, feminine of expensus, past participle of expendere 1 archaic : the act or an instance of expending : EXPENDITURE 2 a : something expended to secure a benefit or bring about a result b : financial burden or outlay : COST <built the monument at their own expense> c : an item of business outlay chargeable against revenue for a specific period 3 : a cause or occasion of expenditure <an estate is a great expense> 4 : a loss, detriment, or embarrassment that results from some action or gain : SACRIFICE <everyone had a good laugh at my expense> -- usually used in the phrase at the expense of <develop a boy's physique at the expense of his intelligence -- Bertrand Russell> Pronunciation Symbols In accounting, an expense represents an event in which an asset is used up or a liability is incurred. In terms of the accounting equation, expenses reduce owners' equity. The official definition of expense used by International Accounting Standards Board is (quotation from IFRS Framework): Expenses are decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to equity participants. [F.70] One specific use of the term in accounting is whether a particular expenditure is classified as an expense, which is reported immediately to the investing public in the business's income statement; or whether it is classified as a capital expenditure or an expenditure subject to depreciation, which is not. These latter types of expenditures are reported as expenses eventually, but not immediately, by businesses that use accrual-basis accounting, meaning all large businesses. The most common interpretation of whether an expense is of capital or income variety depends upon its term. Viewing an expense as a purchase helps alleviate this distinction. If, soon after the "purchase", that which was expensed holds no value then it is usually identified as an income expense. If it retains value soon and long after the purchase, it will be viewed as capital with life that should be amortized/depreciated and retained on the Balance Sheet. In investing, one controversy that mounted throughout 2002 and 2003 was whether companies should report the granting of stock options to employees as an expense on the income statement, or should not report this at all in the income statement, which is what had previously been the norm. Cash flow statement Income statement Balance Sheet Capital Expenditures Amortization/Depreciation Stock Option Expensing Operational Expenditure Non-Cash Expense fab detergent, ez 2, eyeglass holder, eye glass frames, external video, external floppy disk drive, external cdr, exterior steel door, exposure catalog, explorer caused an invalid page fault in module, explorer caused an invalid page fault in, expectation, exedy clutches, executive book summaries, exclusive wedding, excl, excite at home, eviction notices, everglades city, evanston illinois hotels, european cars, euchre scorecards Similar searches have yielded these phrases expense calculator: college expenses, alimony calculator, home affordability calculator, tax withholding calculator, foreign currency calculator, expense manager, expense accounts, paycheck withholding calculator, options expense, handspring calculator Certain copy here expense calculator made available through Wikipedia and the GNU Free Documentation License.