An Accountant is a qualified professional responsible for collating, recording, and communicating financial information. They prepare analyses for decision-making purposes and must have passed examinations from recognized accountancy bodies and completed required work experience.
A Bank Confirmation is a request made by an auditor to a bank to confirm details related to an audit client's bank accounts, assets held by the bank, and associated financial information.
The accounting principle that financial information for a company should be comparable with financial information for other similar companies, ensuring that stakeholders can make well-informed decisions.
Cost control refers to the techniques used by various levels of management within an organization to ensure that costs incurred fall within acceptable levels. It involves the provision of financial information to management by the accountant and the use of various techniques such as budgetary control and standard costing to highlight and analyze any variances.
Current Value Accounting (CVA) is a method aimed at providing an income statement and balance sheet in terms of current dollars, enhancing the quality of financial information during times of inflation.
Disclosure involves the provision of financial and non-financial information to stakeholders interested in the economic activities of an organization. It is standard practice for transparency and accountability in modern businesses.
Brief summaries of financial information often given some prominence in the annual accounts and report of a company. Highlights typically include key metrics such as sales revenue, profits, earnings per share, and dividends for the current and previous financial years.
The conditions that must be satisfied before a security can be traded on a stock exchange. To achieve a quotation in the Official List of Securities of the main market of the London Stock Exchange the requirements contained in a listing agreement must be signed by the company seeking quotation.
Materiality is an important accounting principle determining the significance of financial information and its impact on decision-making. This concept is essential for accurate financial reporting and is influenced by the size, nature, and circumstances of an item.
Mergent, Inc., an integral part of Xinhua Finance, is a renowned provider of global business and financial information, particularly focusing on publicly traded companies and fixed-income securities. Its various products and methodologies have proven invaluable to investors and analysts alike.
An industry-standard measure reflecting the average yields from leading money market funds, providing crucial insights for investors.
The National Quotation Bureau (NQB) was the former name of the entity now known as Pink Sheets, LLC, which provides pricing and financial information for over-the-counter (OTC) securities.
The principle that financial information must influence decisions, offering predictive value or confirmation/correction of prior expectations. This concept is vital in both financial reporting and decision-making, encompassing relevant cost and relevant income.
A reporting accountant is responsible for providing financial information in a prospectus or reporting on small company accounts, primarily ensuring consistency with accounting records and legal provisions.
Standard & Poor's Corporation (S&P) is a subsidiary of McGraw-Hill, Inc. that provides a range of investment services, including rating securities, compiling the S&P composite indexes of stocks, and publishing statistical materials, investment advisory reports, and other financial information.
The principle that a company should provide financial information to its users without undue delay, ensuring the data arrives in time to influence economic decisions. Timeliness is critical in maintaining the information's relevance and impact.
