Micro Accounting

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Voodoo Accounting

    Creative rather than conservative accounting practices. Voodoo ...
  2. Macro Accounting

    Accounting for the total or aggregate economic activities of ...
  3. Tax Accounting

    Accounting methods that focus on taxes rather than the appearance ...
  4. Generally Accepted Accounting Principles ...

    The common set of accounting principles, standards and procedures ...
  5. Forensic Accounting

    Forensic Accounting utilizes accounting, auditing, and investigative ...
  6. Behavioral Accounting

    An accounting method which takes into account key decision makers ...
Related Articles
  1. A Guide To Financial Designations
    Personal Finance

    A Guide To Financial Designations

  2. CPA, CFA Or CFP® - Pick Your Abbreviation ...
    Professionals

    CPA, CFA Or CFP® - Pick Your Abbreviation ...

  3. Crunch Numbers To Find The Ideal Accountant
    Retirement

    Crunch Numbers To Find The Ideal Accountant

  4. A Look At Accounting Careers
    Personal Finance

    A Look At Accounting Careers

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center