Accounting Procedure

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Accounting Procedure

The accounting methods used by a company. Because accountants have a certain amount of leeway in how to treat some (though not all) revenues and expenses, a company may standardize its own accounting procedures, often publishing them in an internal manual.
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FEI member will have access to relevant and timely news articles from Bloomberg BNA's Accounting Policy and Practice Report as well as sample analysis through the portal.
20 /PRNewswire/ -- BNA(R), publisher of the authoritative and universally recognized Tax Management Portfolio series analyzing primarily tax issues, has released the latest addition to its Accounting Policy & Practice Series(TM).
pdf), a change in accounting policy should be applied retrospectively, and the cumulative effect of the adjustment should be reflected in the opening balance of equity for the period.
In those cases where a different, but acceptable, accounting policy would have had a material effect on the financial statements, it would be useful to financial statement readers to know that alternative accounting policies would have resulted in material differences, the reason for and an estimate of the result of using the alternative policy.
Funds from operations excluding accounting policy changes and lease termination income and gains for the year ended December 31, 2004 increased 12% to $420 million or $2.
Panik is senior vice president of accounting policy and will be responsible for statutory and GAAP accounting policy and regulatory financial examinations.
Responsibilities include developing and interpreting accounting policy, working with accounting standard setters and other bank regulatory agencies to analyze and address emerging accounting issues, and researching and responding to accounting questions from OCC staff, bankers and public accountants.
Prior to Volt, he was a first vice president in the Corporate Accounting Policy Group at Washington Mutual (WaMu).
For example, more audit committees are becoming involved with accounting policy decisions.
Tedesco has been appointed as vice president of external reporting, accounting policy and planning.
This proposal, released in mid-May, would encompass disclosure in two areas: accounting estimates a company makes in applying its accounting policies and the initial adoption by a company of an accounting policy that has a material impact on its financial presentation.