by Lea Strickland | Jul 31, 2010 | Glossary
Freedom from control or influence of another or others.
by Lea Strickland | Jul 31, 2010 | Glossary
International Financial Reporting Standards (IFRS) are principles-based Standards, Interpretations and the Framework [1] adopted by the International Accounting Standards Board (IASB).
by Lea Strickland | Jul 31, 2010 | Glossary
The going-concern assumption is also known as the continuity assumption. The assumption that the corporation will not be liquidated but will continue to pursue its objectives for the foreseeable future.
by Lea Strickland | Jul 31, 2010 | Glossary
Liability account used for advance deposits and other payments received before the associated sale is complete.
by Lea Strickland | Jul 31, 2010 | Glossary
An audit based upon the Office of Management and Budget (OMB) Circular which is required for an organization that receives and expends $500,000 or more (in a given year) in total federal funds (including federal funds which have passed through state or local agencies)...
