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Statement of Cash Flows: Preparation, Presentation, and Use
book

Statement of Cash Flows: Preparation, Presentation, and Use

by Tom Klammer
April 2018
Intermediate to advanced content levelIntermediate to advanced
288 pages
5h 27m
English
Wiley
Content preview from Statement of Cash Flows: Preparation, Presentation, and Use

ACCOUNTING AND AUDITING GLOSSARY

 

Accouni — 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.

Account Receivable — Claim against a debtor for an uncollected amount, generally from a completed transaction of sales or services rendered.

Accountants' Report — Formal document that communicates an independent accountant's (1) expression of limited assurance on financial statements as a result of performing inquiry and analytic procedures (Review Report); (2) results of procedures performed (type of Attestation Report); (3) non- expression of opinion or any form of assurance on a presentation in the form of financial statements information that is the representation of management (Compilation Report); or (4) an opinion on an assertion made by management in accordance with the Statements on Standards for Attestation Engagements (Attestation Report). An accountant's report does not result from the performance of an audit.

Accounting — Recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in the financial statements.

Accounting Change — Change in (1) an accounting principle; (2) an accounting estimate; or (3) the reporting entity. The correction of an error ...

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Publisher Resources

ISBN: 9781119508984Purchase book