Accounting Event

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 ?
In other words, allow the business event to continue only if the accounting event successfully posts, and stop the business event if the accounting event fails-just like any purchases at Amazon or at your local Walmart.
He also placed third in the accounting event to qualify for the National DECA competition to be held in Salt Lake City in late April and early May.
Upgrading the capital charge from an accounting event to a cash event is consistent with this, i.
Since only accounting events are recognized in financial statements, recognition of a quasi reorganization is suspect if its status as an accounting event is suspect.
Entity participation may strengthen the case for an accounting event calling for a new basis; should a similar transaction outside the entity have the same weight?
For more information on the 11(th) Annual Shared Services for Finance and Accounting event, please visit www.
In simplified terms, the change represents a non-cash accounting event, which does not have impact on the fundamentals of our business, such as MRR, account values, and subscriber base as well as cash flows and cash position.
These results are due to an extraordinary accounting event resulting in the elimination of the company's debt in the amount of $2,498,449.
Recognizing revenue for this volume of customers requires the generation of billions of accounting events, putting Aptitude Software in a leading position as an accounting software and change expert for telecommunications companies.
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
Additionally, Colson noted the difficulty in locating publications that covered the people involved in significant accounting events.
Present dominant recording techniques (double entry accounting, REA model, and "Grundrechnung") do not incorporate the knowledge to deal with ex ante accounting events.