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Glossary Of Financial and Accounting Terms. A-IFRS: The Australian equivalent of the International Financial Reporting Standards. These are part of global accounting standards that determine the accounting treatment of items in Annual Reports (published financial statements.)
Ensuring that we have a shared understanding of accounting and auditing terms with our clients is crucial for effective and efficient communication. To help with this shared understanding, we’ve developed an alphabetical list of the most commonly used accounting words and phrases. This glossary includes those terms that business owners will ...
This glossary is extracted from the International Financial Reporting Standards and International Accounting Standards that are published in this edition. These Standards were issued by the International Accounting Standards Board (Board) or its predecessor, the International Accounting Standards Committee.
ACCOUNTING AND AUDITING GLOSSARY. Account Formal record that represents, in words, money or other unit of measurement, certain resources, claims to such resources, transactions or other events that result in changes to those resources and claims. Account Payable Amount owed to a creditor for delivered goods or completed services.
Accounting: The process of recording, analyzing, reporting and interpreting the financial affect of business activities. Accounting basis: Refers to how financial transactions are measured for recording purposes. i.e. cash basis vs accrual basis, historical cost basis, going concern basis.
This A-to-Z glossary defines key accounting terms you need to know. Accountants possess a wide range of skills critical for financial management and reporting. They maintain financial records, analyze data, offer financial insights, ensure compliance, prepare reports, support audits, provide financial advice, and utilize technology to optimize ...
10 sie 1993 · The NYSSCPA has prepared a glossary of accounting terms for accountants and journalists who report on and interpret financial information.
