Search results for: “financial reporting”
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Auditing
Of the various specialized areas of accounting that exist, the three most important are auditing, income taxation, and nonbusiness organizations. Auditing is the examination, by an independent accountant, of the financial data, accounting records, business documents, and other pertinent […]
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Auditing
Of the various specialized areas of accounting that exist, the three most important are auditing, income taxation, and nonbusiness organizations. Auditing is the examination, by an independent accountant, of the financial data, accounting records, business documents, and other pertinent […]
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Professional Conduct
Literature Review on Legal Ethics and Professional Conduct In the Encyclopedia of Public Administration and Public Policy, [1] Glen M. Vogel offers the following summary about the topic of Legal Ethics and Professional Conduct: There is little doubt that the public has different […]
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Professional Conduct
Literature Review on Legal Ethics and Professional Conduct In the Encyclopedia of Public Administration and Public Policy, [1] Glen M. Vogel offers the following summary about the topic of Legal Ethics and Professional Conduct: There is little doubt that the public has different […]
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Generally Accepted Accounting Principles
Literature Review on Generally Accepted Accounting Principles (GAAP) In the Encyclopedia of Public Administration and Public Policy, [1] Catherine L. Staples offers the following summary about the topic of Generally Accepted Accounting Principles (GAAP): Generally accepted accounting […]
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Generally Accepted Accounting Principles
Literature Review on Generally Accepted Accounting Principles (GAAP) In the Encyclopedia of Public Administration and Public Policy, [1] Catherine L. Staples offers the following summary about the topic of Generally Accepted Accounting Principles (GAAP): Generally accepted accounting […]
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Bookkeeping
Bookkeeping Information Personal record keeping often uses a simple single-entry system, in which amounts are recorded in column form. Such entries include the date of the transaction, its nature, and the amount of money involved. Record keeping of organizations, however, is based on a […]
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Bookkeeping
Bookkeeping Information Personal record keeping often uses a simple single-entry system, in which amounts are recorded in column form. Such entries include the date of the transaction, its nature, and the amount of money involved. Record keeping of organizations, however, is based on a […]
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Public Companies
Public Companies In the United States, public companies are subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, and the rules and regulations of…
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A Dictionary of Law Enforcement
A Dictionary of Law Enforcement A Dictionary of Law Enforcement is “the only dictionary available -according to Oxford University Press, its publisher- that focuses on United Kingdom (British) law enforcement terms. This legal resource contains over 3,400 legal terms, covering many United Kingdom and European Union institutions.” Most of the entries in “A Dictionary of…
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A Dictionary of Law Enforcement
A Dictionary of Law Enforcement A Dictionary of Law Enforcement is “the only dictionary available -according to Oxford University Press, its publisher- that focuses on United Kingdom (British) law enforcement terms. This legal resource contains over 3,400 legal terms, covering many United Kingdom and European Union institutions.” Most of the entries in “A Dictionary of…
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Assets and Liabilities
Assets and Liabilities Assets and Liabilities Definitions Assets and Liabilities are terms used in economics and accounting. Assets represent property or rights to property and liabilities are debts owed to others. Assets and liabilities together determine the wealth of an individual, a firm, or a nation. In Accountancy An entity’s wealth is measured as of…
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Income Statement
The Income Statement The traditional activity-oriented financial statement issued by business enterprises is the income statement. Read about income statement herePrepared for a well-defined time interval, such as three months or one year, this statement summarizes the enterprise’s revenues, expenses, gains, and losses. Revenues are transactions that represent the inflow of assets as a result…
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Accounting Principles
Accounting Principles Accounting as it exists today may be viewed as a system of assumptions, doctrines, tenets, and conventions, all encompassed by the phrase “generally accepted accounting principles.”Many of these principles developed gradually, as did much of common law; only the accounting developments of recent decades are prescribed in statutory law. Following are several fundamental…
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Accounting for Nonbusiness Organizations
Accounting for Nonbusiness Organizations Accounting for nonbusiness organizations, such as universities, hospitals, churches, trade and professional associations, and government agencies, is an important specialized areas of accounting. These organizations differ from business enterprises in that they receive resources on some nonreciprocating basis (that is, without paying for such resources), they do not have a profit…