When a loan agreement requires that a subsidiary maintain certain working capital, net tangible asset, or net asset levels, or where formal compensating arrangements exist, there is considered to be a restriction under the rule because the lender's intent is normally to preclude the transfer by dividend or otherwise of funds to the parent company.
Unless the context otherwise requires, terms defined in the general rules and regulations or in the instructions to the applicable form, when used in Regulation S-X this partshall have the respective meanings given in such instructions or rules.
The term bank holding company means a person which is engaged, either directly or indirectly, primarily in the business of owning securities of one or more banks for the purpose, and with the effect, of exercising control.
Invoice - An Invoice shows the amount of money owed for goods or services received. Shareholders' Equity - An ownership interest in a corporation in the form of common stock or preferred stock. Accruals - Accruals acknowledge revenue when it is earned and expenses when they are incurred even though a cash transaction may not be involved.
Credit - Entered in the right column of accounts. Capital Stock - Total amount of common and preferred stock issued by a company. Accounting can be controversial, in that accounting rules and methods are sometimes subject to interpretation or can appear to distort a company's true performance.
Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.
The term includes any structure that meets all of the requirements of this paragraph except the size requirements and with respect to which the manufacturer voluntarily files a certification required by the United States Secretary of Housing and Urban Development and complies with the standards established under Title 42 of the United States Code.
A to send a written or other tangible record ; B to transmit a record by any means agreed upon by the persons sending and receiving the record; or C in the case of transmission of a record to or by a filing officeto transmit a record by any means prescribed by filing-office rule.
Non-operating Income - Income not generated from the business. Subsidiary Accounts - Accounts that are under a control account; they must equal the main account balance.
Fixed Asset - Used for a long period of time, e. The term accountant's report, when used in regard to financial statementsmeans a document in which an independent public or certified public accountant indicates the scope of the audit or examination which he has made and sets forth his opinion regarding the financial statements taken as a whole, or an assertion to the effect that an overall opinion cannot be expressed.
Current liabilities are debts payable within one year, while long-term liabilities are debts payable over a longer period. The term includes i fixturesii standing timber that is to be cut and removed under a conveyance or contract for sale, iii the unborn young of animals, iv crops grown, growing, or to be grown, even if the crops are produced on trees, vines, or bushes, and v manufactured homes.
If an entity deposits cash in a bank, it is a financial asset of the entity and a financial liability of the bank, because the bank has a contractual obligation to repay the cash to the entity.
Accruals - Accruals acknowledge revenue when it is earned and expenses when they are incurred even though a cash transaction may not be involved. Financial Statement - Financial Statements detail the financial activities of a business.
Journal - The first place financial transactions are entered. Tweet What is exactly financial instrument. This item appears on the company's balance sheet as a current liability, since the expectation is that the liability will be fulfilled in less than a year.
Data from all of these different sources are cross-checked to avoid double counting and to produce an accurate estimate of current and capital spending in a country over a fixed time period, typically a fiscal year.
The term includes health-care-insurance receivables. A negative flow indicates more money going out than coming in. (a) [Article 9 definitions.] In this article: (1) "Accession" means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.
If you want to start a business, get better at running your business, or get an accounting job, you need to know some essential financial accounting terms and. Entering into the accounting field can be a little confusing at first with all of the new terminology to learn.
Don't feel left out in conversations and don't be left behind because you aren't sure what someone is. A JDE (JD Edwards) ERP (Enterprise Resource Planning) system table definition and reference.
APESB standards contain the professional and ethical requirements relating to the conduct and performance of professional services across various types of engagements or assignments. InvestorWords - The Most Comprehensive Investing Glossary on the Web!
Over financial and investing definitions, with links between related terms.Accounting definitions