Accounting
121Accounting Conservatism — A branch of accounting that requires a high degree of verification before making a legal claim to any profit. Accounting conservatism will recognize all probable losses as they are discovered and most expenditures as they are incurred. Revenue… …
122Accounting Currency — The monetary unit used when recording transactions in a company s book. The accounting currency is not necessarily the same as the selling currency, which is what customers see when conducting a transaction, such as a sale. Companies are likely… …
123Accounting Entity — A clearly defined economics unit that is accounted for separately. An accounting entity can be either a business or subdivision of a business that engages in economic activities, has economic assets and resources that must be accounted, and is… …
124Accounting Standards Committee — ASC A joint committee of the Consultative Committee of Accountancy Bodies set up in 1976 as a successor to the Accounting Standards Steering Committee. Membership of the ASC was part time and unpaid; because serious doubts concerning its… …
125Accounting and Auditing Organization for Islamic Financial Institutions — AAOIFI An accounting and auditing body dedicated to the promotion of Islamic principles for financial institutions. Established in 1991 and headquartered in Bahrain, the AAOIFI is an affiliated member of the *International Federation of… …
126Accounting Foundation — An Australian accounting organization housed within the University of Sydney. Established in 1982, the foundation oversees the publication of the journal *Abacus, manages the activities of the *Pacioli Society, and funds accounting related… …
127Accounting Horizons — A U.S. scholarly accounting journal. Established in 1987, the journal is published quarterly by the *American Accounting Association. It is available in both print and online formats. The journal’s notes state that it focuses on the scholarship… …
128Accounting Technology — A U.S. accounting magazine. Founded in 1987, Accounting Technology is published in 11 issues a year by the Accountants Media Group, a division of Thomson, as part of the *WebCPA framework. Its focus is on developments in accounting related… …
