HomeDefinitionsCompareDebt Accounting insolvencyThe financial definition for Accounting insolvency:Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books. Similar MatchesAccounting earningsAccounting earningsEarnings of a firm as reported on its income statement. Accounting liquidityAccounting liquidityThe ease and quickness with which assets can be converted to cash. Accrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Further SuggestionsAverage accounting returnCost accounting Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Historical Cost Accounting Convention Inflation accounting Purchase accounting Click to compare definitions of Accounting insolvency Click to view definitions beginning ac |