imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Banking.'' | | 1. ''Financial markets reporting - Financial Stability Board (FSB)''. |
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| The balance in a bank account reflects all items that have been deposited into and paid out of the account.
| | Abbreviation for climate-related financial risk disclosure. |
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| | Also known as a ''climate-related financial disclosure.'' |
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| :<span style="color:#4B0082">'''''Example 1: Overdrawn account becomes balance in our favour'''''</span>
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| :We have an overdraft of £50k at the start of April.
| | 2. ''Climate change - risk management.'' |
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| :The balance at the start of a period is known as an opening balance. In our example it is £50k.
| | More broadly, any disclosure relating to climate change, or climate change risk management, not necessarily of a financial nature. |
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| :So we owe £50k to the bank.
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| :We deposit £60k into the account during the month of April.
| | == See also == |
| | | * [[Climate change]] |
| :This repays our overdraft, with some cash left over.
| | * [[Climate Disclosure Standards Board]] |
| | | * [[Climate risk]] |
| :At the end of April, our bank account now has a positive amount in it, of:
| | * [[Climate transition risk]] |
| | | * [[COP26 Private Finance Hub]] |
| ::-50 + 60 = 10
| | * [[Financial Conduct Authority]] |
| | | * [[Financial risk]] |
| :We have £10k cash in our bank account at the end of April.
| | * [[Financial Stability Board]] |
| | | * [[G20]] |
| | * [[Listing Rules]] |
| | * [[Premium Listing]] |
| | * [[Risk management]] |
| | * [[Stakeholder]] |
| | * [[Standard Setting Body]] |
| | * [[Task Force on Climate-related Financial Disclosures]] |
| | * [[Transition risk]] |
| | * [[World Economic Forum]] |
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| :The amount at the end of a period is the closing balance. In our example the closing balance is £10k.
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| | ==External link== |
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| :<span style="color:#4B0082">'''''Example 2: Closing overdrawn balance in favour of the bank'''''</span> | | [https://www.fsb-tcfd.org/ Task Force on Climate-related Financial Disclosures] |
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| :Our opening bank account balance for the month of May is £10k cash.
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| :So the opening cash is £10k.
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| :We pay £30k out of the account during May.
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| :Opening balance + deposits - withdrawals = Closing balance
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| ::+10 - 30 = -20
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| :This is an overdraft of £20k at the end of May.
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| :We have a closing overdraft balance of £20k.
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| 2. ''Accounting.''
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| The balance in a financial account reflects all items that have been posted to the account.
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| 3. ''International trade.''
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| The balance in international trade between two countries is the difference in the amounts exports and imports that each country makes with the other.
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| 4. ''Compromise - proportion - noun.''
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| A situation of compromise or proportionality, rather than of extremes.
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| 5. ''Verb - compromise - proportion.''
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| To bring about a situation of compromise or proportionality, rather than a situation of extremes.
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| 6. ''Accounting - bookkeeping.''
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| To check and validate accounting records for a given period.
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| This includes finding and correcting errors so far as possible, for example double counting and transposition errors.
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| This process is sometimes known as ''balancing the books.''
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| Other types of error are inherently more difficult to detect, for example omissions.
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| == See also ==
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| * [[Available balance]]
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| * [[Balance and transaction activity]]
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| * [[Balance netting]]
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| * [[Balance of payments]]
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| * [[Balance of trade]]
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| * [[Balance sheet]]
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| * [[Balance sheet date]]
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| * [[Balance sheet exposure]]
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| * [[Balance sheet insolvent]]
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| * [[Balance sheet ratio]]
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| * [[Balance sheet reduction policy]]
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| * [[Balanced]]
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| * [[Book]]
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| * [[Bookkeeping]]
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| * [[Cash]]
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| * [[Cash balance]]
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| * [[Cash flow]]
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| * [[Cleared balance]]
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| * [[Credit balance]]
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| * [[Debit balance]]
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| * [[Double counting]]
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| * [[Event after the balance sheet date]]
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| * [[Flow]]
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| * [[Idle balance]]
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| * [[Inflow]]
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| * [[Invisibles balance]]
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| * [[Ledger]]
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| * [[Ledger balance]]
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| * [[Off balance sheet]]
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| * [[Off-balance sheet finance]]
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| * [[Off balance sheet risk]]
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| * [[Outflow]]
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| * [[Post balance sheet event]]
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| * [[Reducing balance]]
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| * [[Target balance]]
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| * [[Transaction balance]]
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| * [[Transposition]]
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| * [[Trial balance]]
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| * [[Visibles balance]]
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| * [[Zero balance account]]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Compliance_and_audit]] |
| [[Category:The_business_context]] | | [[Category:Ethics]] |
| | [[Category:Identify_and_assess_risks]] |
| | [[Category:Manage_risks]] |
| | [[Category:Risk_frameworks]] |
| | [[Category:Risk_reporting]] |
