Tham khảo tài liệu 'accounting glossary - dictionary_4', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | http DIRECT EXPENSE is that portion of expense that is directly expended in providing a product or service for sale and is included in the calculation of COST OF GOODS SOLD . labor and inventory. DIRECT LABOR UTILIZATION RATE is total payroll charged directly to job numbers in the period divided by the total payroll direct and indirect expended in the period. Since payroll is by far the single largest cost to operate a firm generally speaking the higher the direct labor rate the more efficiently economically managed is the firm. DIRECTOR S REPORT is written by the Directors of a company and forms part of the company s financial statements. This report must support and elaborate on the information contained in the Income Statement Balance Sheet and Source and Application of Funds Statement. DIRECTORS VALUATION is a valuation that is not an independent valuation. DIRECT WRITE-OFF METHOD is a method of recognition of uncollectible accounts only when known to be such. DISABILITY INSURANCE in the United States is a payroll tax required in some states that is deducted from employee paychecks to insure income during periods where an employee is unable to work due to an injury or illness. DISBURSEMENT is the paying out of money to satisfy a debt or an expense. DISCLOSURE DOCUMENT PROGRAM in the United States is a form of legal protection that safeguards intellectual property while it is in its development stages. DISCLOSURE NOTE see DISCLOSURE PRINCIPLE. DISCLOSURE PRINCIPLE states that any and all information that affects the full understanding of a company s financial statements must be include with the financial statements. Some items may not affect the ledger accounts directly. These would be included in the form of accompanying notes. Examples of such items are outstanding lawsuits tax disputes and company takeovers. DISCOUNT is a decrease in value often due to interest to be earned or decrease in price. DISCOUNTED CASH FLOW is a .
