Micro Accounting


DEFINITION of 'Micro Accounting'

Accounting at a personal, corporate or government level. Micro accounting can also refer to accounting at the individual or subunit component level of an enterprise or entity. It is diametrically opposed to macro accounting, which is concerned with accounting at the aggregate or national level.

BREAKING DOWN 'Micro Accounting'

As conventional accounting is more like micro accounting than macro accounting (which is closer to economics), most accounting professionals are employed in micro accounting. As a result, the number of accounting positions at the individual enterprise level also vastly outnumbers those at the macro level.

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  1. Does working capital include salaries?

    A company accrues unpaid salaries on its balance sheet as part of accounts payable, which is a current liability account, ... Read Full Answer >>
  2. What is a profit and loss (P&L) statement and why do companies publish them?

    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  3. How do dividends affect the balance sheet?

    Dividends paid in cash affect a company's balance sheet by decreasing the company's cash account on the asset side and decreasing ... Read Full Answer >>
  4. Are dividends considered an expense?

    Cash or stock dividends distributed to shareholders are not considered an expense on a company's income statement. Stock ... Read Full Answer >>
  5. Do dividends go on the balance sheet?

    The only account recorded on the balance sheet, when dividends are declared and before they are paid out to a company's shareholders, ... Read Full Answer >>
  6. What are some examples of general and administrative expenses?

    In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations ... Read Full Answer >>

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