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.
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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.
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.
Once fully implemented, G-Invoicing will allow the capability to track activities that initiate accounting events throughout the life of the agreement.
Similar accounting events and transactions must be comparable, and the only solution to the challenge is convergence.
Accounting events occur when a transaction or other event affects an entity's financial position.
It was easy to direct them to books about technical issues, but it was hard to find books that addressed the process and people involved in important accounting events.