Accounting Estimate

Business, Legal & Accounting Glossary

Definition: Accounting Estimate

Accounting Estimate

Full Definition of Accounting Estimate

An approximation in a financial statement of the amount to be credited or debited on items for which there is no precise means of measurement, such as depreciable assets or provisions for a loss from a lawsuit. Estimates are based on the judgment and specialized knowledge derived from past experience.

Cite Term

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Page URL
Modern Language Association (MLA):
Accounting Estimate. Payroll & Accounting Heaven Ltd.
December 08, 2021
Chicago Manual of Style (CMS):
Accounting Estimate. Payroll & Accounting Heaven Ltd. (accessed: December 08, 2021).
American Psychological Association (APA):
Accounting Estimate. Retrieved December 08, 2021
, from website:

Definition Sources

Definitions for Accounting Estimate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.