- Отрасли: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
To authorize. A manager authorizes a cash payment by signing a voucher providing approval for the disbursement.
Industry:Accounting
A financial arrangement in which a person avoids possible conflict of interest by transferring financial affairs to a fiduciary who has sole asset management discretion. The person establishing the trust also gives up the right to information regarding the assets.
Industry:Accounting
Constituting the whole. Aggregate expenses include expenses of all divisions combined for the entire year.
Industry:Accounting
A contra asset account with a credit balance used to reduce the carrying amount of accounts receivable to net realizable value. The allowance balance is the estimated total of uncollectible accounts included in accounts receivable.
Industry:Accounting
Accounting entries made at the end of an accounting period to allocate items between accounting periods.
Industry:Accounting
Assertions about completeness deal with whether all transactions and accounts that should be in the financial statements are included. For example, management asserts that all purchases of goods and services are included in the financial statements. Similarly, management asserts that notes payable in the balance sheet include all such obligations of the entity.
Industry:Accounting
