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

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center