Financial accounting definition

Financial accounting means a report of funds collected and expended for the annual event which is filed after completion of an annual event;
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Financial accounting means the accounting treatment, rules, and reporting processes required as of August 28, 2018 by the Financial Accounting Standards Board (FASB), 401 Merritt 7, PO Box 5116, Norwalk CT 06856-5116, or its successor. No later editions or amendments are incorporated.
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Financial accounting means the accounting treatment, rules, and reporting processes required by the Financial Accounting Standards Board (FASB) or its successor.
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Examples of Financial accounting in a sentence

  • In accounting for the acquisition of FGIC Corporation by the Investor Group in 2003, the Company has applied purchase accounting as prescribed by Statement of Financial accounting Standards No. 141 Business Combinations ("SFAS 141") and Securities and Exchange Commission Staff Accounting Bulletin 54.

  • Financial accounting standards and rules can have a direct impact on the way in which investment decisions are made since they form the basis of assessments that are carried out to evaluate the financial position and performance of real economy and financial sector companies.

  • Financial accounting supports accrual accounting and financial reporting by accounting for assets, liabilities, net position, revenues and expenses to show actual financial position and net cost of operations.

  • Financial accounting terms used in this Agreement without definition are used herein with the respective meanings assigned thereto in accordance with GAAP at the time in effect.

  • Financial accounting and reporting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date.

  • Financial accounting responds to the need for organizations to be accountable to society and to provide external parties with relevant information for making economic decisions.

  • Financial accounting: An introduction to concepts, methods, and uses (9th ed.).

  • Financial accounting: An introduction to concepts, methods and uses (14th ed.).

  • Financial accounting supports different users of accounting information by providing financial reports to evaluate performance and recognize the financial position of service and merchandising organizations.

  • Summary of Significant Accounting Policies (continued) In accounting for the Transaction in 2003, the Company has applied purchase accounting as prescribed by Statement of Financial accounting Standards No. 141, Business Combinations ("SFAS 141") and Securities and Exchange Commission Staff Accounting Bulletin 54.


More Definitions of Financial accounting

Financial accounting means a detailed accounting of money spent by OYA for care of an offender and the amount of trust money, by funding source, reimbursed to OYA for these items.
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Financial accounting. IFRS, 3rd Edition. New York City: Xxxx Xxxxxx and Sons.
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Financial accounting means the accounting treatment, rules, and reporting processes required by the Financial Accounting Standards Board (FASB), 401 Merritt 7, PO Box 5116, Norwalk CT 06856-5116, or its successor.
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Related to Financial accounting

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Practice of public accounting means the performance or the offering to perform, by a person holding oneself out to the public as a certified public accountant or a licensed public accountant, one or more kinds of professional services involving the use of accounting, attest, or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. However, with respect to licensed public accountants, the “practice of public accounting” shall not include attest or auditing services or the rendering of an opinion attesting to the reliability of any representation embracing financial information.