Accounting Event

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Accounting Event

Anything that alters a company's financial statement. Accounting events may be external; for example, a sale is an accounting event because it reduces inventory and increases revenue. Likewise, they may be internal; for example, depreciation and amortization are accounting events because they show up on a balance sheet even though no cash changes hands.
References in periodicals archive ?
Internal control weaknesses, including the employee never taking a vacation or only taking a vacation for a short period of days scheduled around non-critical accounting events or periods of slowdowns
We're seeing real demand for integrated technology solutions delivering OTC derivatives portfolio valuation and collateral management as well as post-trade processing and trade lifecycle management including confirmations, settlements and accounting events generation".
Capital charges for Departments are cash events (the Department must pay the charge to The Treasury) whereas costs of capital for SOEs are only accounting events.
Although quasi reorganizations are included in GAAP, their theoretical justification as accounting events is tenuous.
Controlling for the unique tax environment in 1984, the insurers with income-decreasing accounting events differed significantly in terms of size and ownership control from the insurers without income-decreasing accounting events.
New accounting capabilities provide more efficient usage accounting with sample configurations to help determine the most effective accounting model, as well as the ability to automatically schedule and see notifications of accounting events.
Using the Microgen Accounting Hub, Microgen's client is able to reduce the set of flows from the legal entities in the Capital Markets business to standard accounting events derived from the underlying mortgage products.
Accounting events occur when a transaction or other event affects an entity's financial position.
She was instrumental in bringing two important accounting events to the College of DuPage, "The Accounting Exchange" and the "The Accounting Contest.
The results of the third quarter were significantly impacted by two accounting events that transpired in the period," commented Chairman and Chief Executive Officer Douglas M.
Teletouch has had significant difficulty in segregating various business and related accounting events from the current and prior period PCCI consolidated financials, including related subsidiary transactions, discontinued (sold) operations and other accounting matters.
During the Company's two most recently completed fiscal years and the subsequent interim period preceding the decision to change principal accountants, there were no reportable accounting events.