(Difference between pages)
imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| 1. ''Accounting''.
| | The evaluation and selection of projects which are most likely to maximise shareholders' wealth. |
|
| |
|
| The dual aspect concept that every accounting transaction has two sides.
| | ''Also known as Project appraisal.'' |
| | |
| Therefore the balance sheet should always remain in balance.
| |
| | |
| | |
| For example, if services are sold by a company for cash, the company's Sales figure increases AND its Cash increases.
| |
| | |
| Taking another example, if a company borrows money, its Cash increases AND its Liabilities (to repay the money in the future) also increase.
| |
| | |
| This system is sometimes known as 'double entry bookkeeping'.
| |
| | |
| | |
| 2. ''Systems & controls - errors.''
| |
| | |
| An error resulting from the inappropriate duplication - or inappropriate repetition - of an entry (or part of an entry) in a financial information system or elsewhere.
| |
|
| |
|
|
| |
|
| == See also == | | == See also == |
| * [[Balance sheet]] | | * [[Analysis paralysis]] |
| * [[Book entry]] | | * [[Project appraisal]] |
| * [[Bookkeeping]]
| |
| * [[Credit]]
| |
| * [[Debit]]
| |
| * [[Double counting]]
| |
| * [[Duality principle]]
| |
| * [[Journal entry]]
| |
| * [[Lease]]
| |
| * [[Off balance sheet finance]]
| |
| | |
| [[Category:Accounting,_tax_and_regulation]]
| |
| [[Category:Compliance_and_audit]]
| |
Revision as of 11:46, 3 August 2018
The evaluation and selection of projects which are most likely to maximise shareholders' wealth.
Also known as Project appraisal.
See also
