- Settore: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
In dollar terms a write-up is an intentional over-valuation of assets. In narrative terms a description of something or some event.
Industry:Accounting
Control activities are the policies and procedures that help ensure management directives are carried out. Those pertinent to an audit include performance reviews, information processing, physical controls and segregation of duties.
Industry:Accounting
The risk that material error in a balance or transaction class will not be prevented or detected on a timely basis by internal controls.
Industry:Accounting
An officer who supervises financial affairs of an entity. In internal control the controller is often the person with record keeping (general ledger) responsibilities, as contrasted with asset custody, management decision-making, and internal audit functions.
Industry:Accounting
(corroborating) (corroboration) (corroborative) To strengthen with other evidence, to make more certain.
Industry:Accounting
of changing to a new accounting principle is the effect on retained earnings at the beginning of the current period. It is included in net income after extraordinary items. Only the direct effect (net of income tax effect) is considered.
Industry:Accounting
One who has possession or is in charge of something. Some entities entrust investment securities to a bank, which is custodian of the company's securities.
Industry:Accounting
custody, is possession is the state of having something, owning something, ownership
Industry:Accounting
