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IAS 14

IAS 14 – Business segments is a former International Accounting Standard that was fully redrawn in 2009 and superseded by IFRS 8. IAS 14 set the guideline on how to identify different business segments of a company.

Yuji Ijiri

Yuji Ijiri was an economics and accounting researcher and educator. He was the Robert M. Trueblood University Professor of Accounting and Economics at Carnegie Mellon University until his retirement on June 30, 2011. At the age of 21 he became a ...

Income per user

Total Income of an entity or project divided by the number of Users, when Income is generated by each Users or Unique User. Income Per Unique User = I/UU Income Per User = I/U

Institute of Chartered Accountants of Ghana

The Institute of Chartered Accountants of Ghana is a professional accountancy organisation. It is the sole such organisation in Ghana with the right to award the Chartered Accountant designation, and with the right to regulate the accountancy pro ...

Interest expense

Interest expense relates to the cost of borrowing money. It is the price that a lender charges a borrower for the use of the lenders money. On the income statement, interest expense can represent the cost of borrowing money from banks, bond inves ...

International Register of Certificated Auditors

The International Register of Certificated Auditors was formed in London in 1984 as part of the British governments enterprise initiative, designed to make industry and business more competitive through the implementation of quality principles an ...

Iraqi Union of Accountants and Auditors

The Iraqi Union of Accountants and Auditors is a professional association for accountants and auditors in Iraq. It is the sole Iraqi member of the International Federation of Accountants.

Joint cost

Manufacturers incur many costs in the production process. It is the cost accountants job to trace these costs back to a certain product or process during production. Some costs cannot be traced back to a single cost object. Some costs benefit mor ...

Journal of Accounting and Economics

The Journal of Accounting and Economics is a peer-reviewed academic journal focusing on the fields of accounting and economics. The editors-in-chief are R. L. Watts, J. L. Zimmerman, R. W. Holthausen, S. P. Kothari, J. Core, M. Hanlon, W. R. Guay ...

Journal of Accounting and Public Policy

The Journal of Accounting and Public Policy is a bimonthly peer-reviewed academic journal covering the interaction between accounting and public policy. It is published by Elsevier and was established in 1982. The editor-in-chief is Marco Trombet ...

Journal of Accounting Research

The Journal of Accounting Research is a leading peer-reviewed academic journal associated with the University of Chicago. It was established in 1963 and is published by Wiley-Blackwell on behalf of the Accounting Research Center at the University ...

Benny K B Kwok

Benny K B Kwok is the author of a series of published titles in print worldwide - Forensic Accountancy 1st & 2nd Editions Financial Analysis in Hong Kong 1st & 2nd Editions, "Business Terms & Phrases for Surveyors, Engineers & Facilities Managers ...

Ledger

A ledger is the principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits in separate columns and a beginning monetary balance and end ...

Long-term liabilities

Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. The normal operation period is the amount of time it takes for a company to turn inventory into cash. On ...

Management representation

Management representation is a letter issued by a client to the auditor in writing as part of audit evidences. The representations letter must cover all periods encompassed by the audit report, and must be dated the same date of audit work comple ...

Amatino Manucci

Amatino Manucci gave us the earliest extant accounting of double-entry bookkeeping. Manucci kept the accounts for Giovanni Farolfi & Company, a merchant partnership based in Nimes, France. Manucci was a partner for the Salon, France branch. The w ...

Money measurement concept

The money measurement concept underlines the fact that in accounting and economics generally, every recorded event or transaction is measured in terms of money, the local currency monetary unit of measure. Using this principle, a fact or a happen ...

Myanmar Institute of Certified Public Accountants

Myanmar Institute of Certified Public Accountants is a professional body of Certified Public Accountants in Myanmar. It was first formed in 2003 in association and permission of the Ministry of Home Affairs of Myanmar. The function of the body is ...

Negative assurance

Negative assurance is a method used by the Certified Public Accountant to assure various parties, such as bankers and stockbrokers, that financial data under review by them is correct. Negative assurance tells the data user that nothing has come ...

Net income per employee

Net Income per employee is a companys net income divided by the number of employees. This number shows the company how efficient it is with its employees. Theoretically, the higher the net income per employee the better. Aside from increasing the ...

New Zealand Conceptual Framework

The New Zealand Framework is an accounting conceptual framework based on the International Accounting Standards Board Framework. It was issued by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants and ap ...

Occupancy cost

Occupancy costs are the whole life costs of buildings and their associated land from occupancy until disposal. These costs may be incurred on a regular or irregular basis. Occupancy costs are those costs related to occupying a space including; re ...

One-for-one checking

In systems auditing, one-for-one checking is a control process that is frequently used to ensure that specific elements between two or more sources of data are consistent. The control process can also reduce the chances of human error by typos an ...

Open-book accounting

Open-book accounting is an extension of the principles of Open-book management to include in an organisations accounts all those with an interest in the organisation, not merely its employees and its shareholders. This effectively means all membe ...

Other comprehensive basis of accounting

Other comprehensive basis of accounting in United States accounting refers to a system of accounting other than GAAP. As explained in the Journal of Accountancy, under Statement on Auditing Standards No. 62, Special Reports, an OCBOA is any one o ...

Philippine Institute of Certified Public Accountants

The Philippine Institute of Certified Public Accountants is the national professional accountancy body of the Philippines. Explorers with an accounting background first formed the PICPA in November 1929. The PICPA focuses on four areas of practic ...

Reserve (accounting)

In financial accounting, "reserve" always has a credit balance and can refer to a part of shareholders equity, a liability for estimated claims, or contra-asset for uncollectible accounts. A reserve can appear in any part of shareholders equity e ...

Review of Accounting Studies

The Review of Accounting Studies is a quarterly peer-reviewed academic journal covering all aspects of accounting. It was established in 1996 and is published by Springer Science+Business Media. The editor-in-chief is Russell Lundholm. According ...

Andrew SanFilippo

Andrew A. SanFilippo was the Comptroller of Buffalo, New York. He is a career employee of the comptrollers office, who was elected comptroller in 2003. He previously served as executive assistant to the comptroller and for two decades as the city ...

Scope limitation

A scope limitation is a restriction on the applicability of an auditors report that may arise from the inability to obtain sufficient appropriate evidence about a component in the financial statements. When all the audit procedures that are consi ...

Separate account

A separate account is a segregated accounting and reporting account held by an insurance company not in, but rather "separate" from its general account. A separate account allows an investor to choose an investment category according to his indiv ...

Smaller reporting company

The Securities and Exchange Commission divides reporting companies, those that file periodic reports under the Securities Exchange Act of 1934, into different categories based on size, among other factors. Smaller companies have less stringent re ...

Smith & Williamson

Smith & Williamson is a United Kingdom financial and professional services firm, with operating income of £266.7m for the year ending 30 April 2018. With £20.1bn funds under management, the firm is also one of the largest independently owned inve ...

Special and differential treatment

Special and differential treatment is a set of GATT provisions that exempts developing countries from the same strict trade rules and disciplines of more industrialized countries. In the Uruguay Round Agreement on Agriculture, for example, develo ...

Statement of recommended practice

A statement of recommended practice is set of recommendations usually as regards accounting practices and the reporting of financial information drawn up by a regulatory body.

Statements on auditing standards

A Statement on Auditing Standards, commonly abbreviated as SAS, provides guidance to external auditors on Generally Accepted Auditing Standards regardng auditing an entity and issuing an auditors report. It is usually issued by the certified publ ...

Subledger

The subledger, or subsidiary ledger, provides details behind entries in the general ledger used in accounting. The subledger shows detail for part of the accounting records such as property and equipment, prepaid expenses, etc. The detail would i ...

Substance over form

Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant, and accurate picture of transactions and events". If an entity practices the substance over form concept, then the financial state ...

Teeming and lading

Teeming and lading is a bookkeeping fraud also known as short banking, delayed accounting, and lapping. It involves the allocation of one customers payment to another customers account to make the books balance, often to hide a shortfall or theft ...

Trailing interest

Trailing is an interest method of balance calculation that allow companies to reach back into previous cycles to collect interest on balances already paid off.

Trueblood Committee

The Trueblood Committee was a study group formed by the American Institute of Certified Public Accountants in 1972 to develop the Objective of Financial Statements. The committees goal was to help accountants create financial statements that prov ...

Two sets of books

The concept of two sets of books refers to the practice of attempting to hide or disguise certain financial transactions from outsiders by having a set of fraudulent accounting records for official use and another, the real set, for personal reco ...

Utility bill audit

A utility bill audit is a comprehensive review of an organizations utility invoices to include Electric, Gas, Water/Sewer and Waste invoices in order to track billing errors and evaluate rate plans to make suggestions for further savings. This is ...

Value stream costing

In accounting, value stream costing is a technique of costing which entails identifying and calculating costs for all the process steps required for providing value to the customer. It begins with a mapping and tracking all the process steps that ...

Naïm Abou-Jaoude

Naïm Abou-Jaoude, born on 9 July 1966 in Jal-El-Dib, is the Chief Executive Officer of Candriam Investors Group and Chairman of New York Life Investment Management International, global investment manager part of New York Life.

Alton Abraham

Alton Abraham was an African American social entrepreneur who acted as business manager for Sun Ra. Abraham was born in Chicago and served in the U.S Military in Okinawa from 1945-1947. When he returned to Chicago, he studied at the DuSable High ...

Jonathan Abrams

Jonathan Abrams is an engineer, entrepreneur, and investor. Hes best known as the founder of Friendster where he worked from 2002-2005. He then founded Socializr, where he was from 2005 to 2010, and Nuzzel, where he stayed from 2012 to 2018. Toda ...

Rudolph Agnew

Sir Rudolph Ion Joseph Agnew was group chief executive of Consolidated Goldfields plc from 1978 to 1989 and chairman from 1983 to 1989.

Marc Allera

He was born in Howden in 1972, then in the East Riding of Yorkshire pre-1974. He is of Italian descent. He attended France Hill School now called Kings International College in Camberley. He graduated in International Business Studies from Sheffi ...

Pedro Alvarado (miner)

Pedro Alvarado Torres of Parral, Chihuahua was a mining magnate and philanthropist who operated the Palmilla mine near Parral in Chihuahua Mexico that was one of the countrys richest silver mines. He was married to Virginia Griensen Zambrano. The ...