Check out variant for Clear abbreviation in Accounting Starting out in a new job can be tough, especially when it seems as though everyone is speaking a foreign language as those in the know volley learned terminologies and abbreviations at each other while you unsuccessfully play the proverbial piggy in the middle.. The four basic steps in the closing process are: CLEAR - What does CLEAR stand for? 1.C.S.I. Do you know that a fictional character will help you understand accounting? MUTUAL FUND with a fixed number of shares outstanding that may be bought or sold. Start studying Exam 1: Accounting Acronyms. To illustrate, let's assume that a company has an inventory with a cost of $15,000. AAA—Authentication Authorization, Accounting; AABB—Axis Aligned Bounding Box; AAC—Advanced Audio Coding; AAL—ATM Adaptation Layer; AALC—ATM Adaptation Layer Connection; AARP—AppleTalk Address Resolution Protocol; ABAC—Attribute-Based Access Control; ABCL—Actor-Based Concurrent Language; ABI—Application Binary Interface; ABM—Asynchronous Balanced Mode 'Chinese Literature Essays Articles Reviews' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. Only revenue, expense, and dividend accounts are closed—not asset, liability, Common Stock, or Retained Earnings accounts. However, the marketplace has changed dramatically and now the inventory can be sold for only $14,000 if the company spends an additional $2,000 to package and ship the goods. It’s a simple tool used by businesses to go beyond the realm of fuzzy goal-setting into an actionable plan for results. CMO - See COLLATERALIZED MORTGAGE OBLIGATION. A contra account's natural balance is the opposite of the associated account. The conservatism principle directs an accountant who is faced with two alternatives. Looking for the definition of CLEAR? Closing Entry Payroll Accounting Standard Costing Accounting Pronouncements Organizations’s Accounting Cheat Sheet is a quick reference and overview of accounting concepts. SMART is an acronym for the 5 elements of specific, measurable, achievable, relevant, and time-based goals. And that to understand the rules of debit and credit easily, you should always remember to CLIC the DEAD? To clear the BALANCES of temporary accounts in order to be ready for the next accounting period. There are two basic financial … We bring you only the best ones. What is the conservatism principle? Acronym Definition; CLEAR: Center for Language Education and Research (MSU) CLEAR: Council on Licensure, Enforcement and Regulation: CLEAR: Chinese Literature: Essays, Articles, Reviews: CLEAR is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms. A contra account is an account used in a general ledger to reduce the value of a related account. You want to know how? Read on…. In accounting, we often refer to the process of closing as closing the books. Laugh at really funny acronyms and abbreviations. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Need to know how Clear is abbreviated in Accounting? Closed-End Mutual Fund. Find out what is the full meaning of CLEAR on!