- المجال: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
A statement of open debit and credit accounts in a ledger to test their equality.
Industry:Accounting
Inventory turnover is a measure of the time from receipt of inventory to its sale. It is found by dividing cost of sales by average inventory. Receivables turnover is a measure of the time it takes to collect receivables. It is found by dividing net credit sales by average net receivables. Employee turnover is the rate at which new employees replace old employees.
Industry:Accounting
An audit opinion that the financial statements are in conformity with U.S. GAAP.
Industry:Accounting
If an auditor notices events that affect financial statements on which an audit report has been issued, they are considered when updating the report on the prior statements. If those statements are changed, the report says they have been restated and expresses the appropriate opinion. If an updated opinion differs from the previous opinion, an explanatory paragraph preceding the opinion paragraph explains that the report has been updated, discloses the date and type of opinion previously expressed, and events that caused the revision.
Industry:Accounting
A "service auditor" is the auditor of an organization that provides services such as data processing or pension trust administration to other organizations (the users). Auditors of the users (user auditors) rely on a report from the service auditor about controls in the service organization that apply to financial statements of the user organization they are auditing.
Industry:Accounting
Software control over input of data to a computer system. Data is compared with the type of data properly included in each input field, e.g., only letters in a name field.
Industry:Accounting
are presented in considerably less detail than complete financial statements.
Industry:Accounting
An assertion made by management that each asset and liability is recorded at an appropriate carrying value.
Industry:Accounting
A telecommunications network providing communication facilities, which enhance basic telecommunications services. They add value by passing, storing and converting messages. Also known as service providers and EDI service providers. Operated by a clearing house, an organization that provides message/file collection, routing and distribution service on behalf of other organizations.
Industry:Accounting
