cost incurred account

简明释义

实际费用帐

英英释义

例句

1.To understand our spending better, we should analyze the cost incurred account for each department.

为了更好地了解我们的支出，我们应该分析每个部门的成本发生账户。

2.We need to review the cost incurred account before finalizing the budget for next year.

在确定明年的预算之前，我们需要审查一下成本发生账户。

3.The project manager submitted the report detailing the cost incurred account for the last quarter.

项目经理提交了详细说明上个季度的成本发生账户的报告。

4.The finance team highlighted discrepancies in the cost incurred account during their audit.

财务团队在审计过程中强调了成本发生账户中的差异。

5.The cost incurred account will help us track all expenses related to the project.

该成本发生账户将帮助我们跟踪与项目相关的所有费用。

作文

In the world of finance and accounting, understanding various terminologies is crucial for effective management and analysis. One such term that often comes up in discussions about expenses and budgeting is cost incurred account. This phrase refers to a specific type of account that tracks expenses that have been incurred during a particular period but have not yet been paid. These costs can include anything from salaries, utilities, or materials that have been utilized but not yet billed. Understanding the concept of cost incurred account is essential for businesses as it helps them maintain accurate financial records and ensures that they are aware of their liabilities at any given time.When a company incurs costs, it needs to record these expenses in its financial statements to provide a clear picture of its financial health. The cost incurred account plays a vital role in this process. For instance, if a company receives services in December but does not pay for them until January, the expense must still be recorded in December’s accounts. This is where the cost incurred account comes into play, as it allows the company to recognize the expense in the correct accounting period, adhering to the matching principle of accounting.Moreover, managing a cost incurred account effectively can lead to better cash flow management. By keeping track of all incurred costs, companies can forecast their cash needs more accurately. This forecasting is crucial for making informed decisions about future expenditures and investments. If a business fails to monitor its cost incurred account, it may find itself in a position where it has underestimated its liabilities, leading to cash shortages and potential operational disruptions.Another important aspect of the cost incurred account is its impact on financial reporting. Investors and stakeholders rely on accurate financial statements to make informed decisions. If a company misrepresents its expenses by not properly accounting for its cost incurred account, it could face serious consequences, including loss of trust and potential legal issues. Therefore, ensuring that all incurred costs are accurately recorded is not just a matter of good practice; it is essential for maintaining credibility in the marketplace.In addition, the cost incurred account can also provide valuable insights into a company's operational efficiency. By analyzing the incurred costs over time, businesses can identify trends and areas where they might be overspending. This analysis can lead to strategic decisions aimed at reducing costs and improving profitability. For example, if a company notices that its utility expenses are consistently high, it may decide to invest in energy-efficient technologies or review its contracts with service providers.In conclusion, the concept of cost incurred account is fundamental to effective financial management. It not only helps businesses track their expenses accurately but also assists in cash flow management, financial reporting, and operational efficiency. By understanding and effectively managing their cost incurred account, companies can ensure that they remain financially healthy and capable of meeting their obligations. As such, it is imperative for business owners, accountants, and financial managers to grasp the importance of this accounting principle and implement best practices in their financial reporting processes.

在金融和会计的世界中，理解各种术语对于有效的管理和分析至关重要。在关于费用和预算的讨论中，cost incurred account（发生费用账户）是一个经常出现的术语。这个短语指的是一种特定类型的账户，用于跟踪在特定期间内发生但尚未支付的费用。这些费用可以包括从薪资、公共事业费用或已使用但尚未开票的材料。理解cost incurred account的概念对企业至关重要，因为它帮助他们保持准确的财务记录，并确保他们随时了解自己的负债。当公司发生费用时，需要在其财务报表中记录这些支出，以提供其财务健康状况的清晰图景。cost incurred account在这一过程中发挥着重要作用。例如，如果一家公司在12月接受了服务，但直到1月才付款，那么该费用仍需在12月的账目中记录。这就是cost incurred account发挥作用的地方，因为它允许公司在正确的会计期间确认费用，遵循会计的匹配原则。此外，有效管理cost incurred account可以导致更好的现金流管理。通过跟踪所有发生的费用，公司可以更准确地预测其现金需求。这种预测对做出有关未来支出和投资的明智决策至关重要。如果一家企业未能监控其cost incurred account，可能会发现自己低估了负债，导致现金短缺和潜在的运营中断。cost incurred account的另一个重要方面是其对财务报告的影响。投资者和利益相关者依赖准确的财务报表来做出明智的决策。如果一家公司通过未能妥善计算其cost incurred account而错误地表示其费用，可能会面临严重后果，包括失去信任和潜在的法律问题。因此，确保所有发生的费用被准确记录不仅是良好实践的问题；它对维护市场信誉至关重要。此外，cost incurred account还可以为公司的运营效率提供宝贵的见解。通过分析一段时间内的发生费用，企业可以识别趋势和可能过度支出的领域。这种分析可以导致旨在降低成本和提高盈利能力的战略决策。例如，如果一家公司注意到其公用事业费用持续较高，可能会决定投资于节能技术或审查其与服务提供商的合同。总之，cost incurred account的概念对有效的财务管理至关重要。它不仅帮助企业准确跟踪其费用，还协助现金流管理、财务报告和运营效率。通过理解和有效管理其cost incurred account，公司可以确保其财务健康，能够履行其义务。因此，企业主、会计师和财务经理必须掌握这一会计原则的重要性，并在其财务报告过程中实施最佳实践。