Accounting Procedure. Similar to accounting method, but applied to more routine issues. For example, the method of computing depreciation, handling small capital expenditures.
ACCOUNTING PROCEDURES - All procedures that discover, identify, record, classify, maintain, and summarize financial information to either produce financial reports or to provide internal control.
accounting procedures that defer the full funding of a life insurancenet level premium reserve to accommodate the policy acquisition cost in the early years of a policy.
Accounting procedures beginning with an initial entry, such as recording the first sale of the year, and culminating with the closing entries, which are posted after year-end.
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Accounting procedure that gradually reduces the cost value of a limited life or intangible asset, such as goodwill, through periodic charges to income.
An accounting procedure allowed by the Internal Revenue Code for handling bad debts.
The accounting procedures used when one company acquires another.
active investor ...
Regulatory accounting procedures
Accounting principals required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold.
Committee on Accounting Procedure
Chartered Association of Certified Accountants
Association of Chartered Certified Accountants ...
An accounting procedure that records (recognizes) income or expense on a company's financial statement at the time the income or liability event happens (i.e., the exchange of goods or services) rather than when income is received or expenses are ...
See: Regulatory accounting procedures
RE
The two-character ISO 3166 country code for REUNION.
REIT ...
Annuity Unit
An accounting procedure used to calculate the amount of each payment an annuitant should receive during the payout period.
Auditing - An accounting procedure which checks thoroughly the authenticity of a company's accounts.
RAM See: Reverse-annuity mortgage RAP See: Regulatory accounting procedures RE The two-character ISO 3166 country code for REUNION.
[EPA] accounting procedures All processes which discover, record, classify, and summarize financial information to produce financial reports and to provide internal control.
See: Regulatory accounting procedures R.E.I.T. See: Real Estate Investment Trust R.E.M.I.C. See: Real Estate Mortgage Investment Conduit R.O.A. See: Return on assets R.O.E. See: Return on equity R.O.I. See: Return on investment R.P.P.P.
If different accounting procedures and processes are used for preparing financial statements of different years then the results will not be comparable because these will be based on different postulates.
Accounting Research Bulletins ARB - Bulletins containing recommended accounting procedures for the accounting community.
AMORTIZATION " (1) Accounting procedure which gradually reduces the book value of an intangible asset through periodic charges to income; similar to depreciation for fixed assets. See: Capitalize.
Straight-Line Depreciation - Is an accounting procedure whereby each year's depreciation is equal to the other years. If an asset has an expected useful life of 5 years then 20 percent of its adjusted cost is charged against revenues each year.
Accrual Accounting - Accounting procedure where income and expenses are recognized when entered into the books of a company, as opposed to the time when they are actually paid or received in cash. So if it's not cash, then it must be accrual! ...
These pronouncements were issued by the Committee on Accounting Procedures of the American Institute of Certified Public Accountants during the years 1953 to 1959.
Reversing entries are optional accounting procedures which may sometimes prove useful in simplifying record keeping. A reversing entry is a journal entry to "undo" an adjusting entry. Consider the alternative sets of entries on the following page.
The allowance method for doubtful accounts is an accounting procedure that a) estimates and reports bad debts expense from credit sales for the period of the sales and, b) reports accounts receivable at the amount of cash proceeds that is expected ...
Keep in mind that, though we are studying Managerial Accounting, the accounts are maintained using Financial Accounting procedures. In the next chapter, we will explore the debits and credits for Manufacturing Accounting.
Budget and Accounting Procedures Act of 1950
Budget and Finance Committee
Budget and Forecasting System
Budget and Program Resource Review
Budget and Reporting
Budget and Reporting Classification
Budget and Reporting System
Budget At Completion ...
An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.
Unseasoned issue
Issue of a security for which there is no existing market. See: Seasoned issue.
If a firm reports high earnings (net income) but negative Operating Cash Flows, there could potentially be fraud involved in the calculation of the net income figures (use of aggressive accounting procedures).
The courses at the undergraduate or graduate level generally cover areas such as finance, statistics, economics, economic policy and accounting procedures, analysis, financial companies and budgeting methods.
Many veterinary practice corporations are closely held and may have related parties working within the corporation. Inquiries into the corporation's accounting procedure and staff are a factor in determining the depth and scope of the audit.
Unqualified opinion
An independent auditor's opinion that a company's financial statements comply with accepted accounting procedures. Antithesis of qualified opinion.
GAAP encompasses the conventions, rules, and procedures necessary for the proper recording of a company's financial matters. The FASB is the body that determines what accounting procedures are generally accepted.
Godfather offer ...
Not only can this measure clarify DSO, but it can serve as the basis for developing an allowance for doubtful accounts (an accounting procedure used to project bad debt on current billings), as well as a cash flow forecast.
A write-off is an accounting procedure that removes the outstanding balance of the loan from the Loan Portfolio and from the Impairment Loss Allowance when these loans are recognized as uncollectable.
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 See also: Expense, Banks, Values, Average Life, Deferral
  
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