American Accounting Association - AAA


DEFINITION of 'American Accounting Association - AAA'

An organization that supports worldwide excellence in accounting education, research and practice. The American Accounting Association is the primary professional association for accounting academics in the United States. Formed in 1916 under the name American Association of University Instructors in Accounting, it assumed its current name in 1936. It is a voluntary organization comprised of individuals interested in accounting education and research.

BREAKING DOWN 'American Accounting Association - AAA'

The American Accounting Association publishes The Accounting Review - a journal of abstracts, articles and book reviews that promote accounting education, research and practice; Issues in Accounting Education - a publication of research, commentaries, instructional resources and book reviews to assist accounting faculty, and Accounting Horizons - which includes papers focusing on the study of integration and application. Members of the American Accounting Association have access to these publications and additional newsletters and opportunities to participate in regional and/or special interest groups.

  1. Balance Sheet

    A financial statement that summarizes a company's assets, liabilities ...
  2. The Accounting Review

    An academic publication by the American Accounting Association ...
  3. Financial Statements

    Records that outline the financial activities of a business, ...
  4. Accounting

    The systematic and comprehensive recording of financial transactions ...
  5. Generally Accepted Accounting Principles ...

    The common set of accounting principles, standards and procedures ...
  6. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
  6. What can working capital be used for?

    Working capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt ... Read Full Answer >>

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