Accounting Expense
/əˈkaʊntɪŋ ɪkˈspɛns/
Definitions
- (n.) A cost recorded in financial statements representing incurred outflows or obligations related to business operations.
The accounting expense for the quarter increased due to higher administrative costs.
Forms
- accounting expense
- accounting expenses
Related terms
See also
Commentary
Accounting expenses must be accurately classified in financial statements to comply with legal standards on financial disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.