Sign convention: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
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In reporting and modelling, a decision about the meaning of positive and negative numbers. | In reporting and modelling, a decision about the meaning of positive and negative numbers. | ||
Many errors and failures of understanding result from not establishing sign conventions, or not following them consistently. | Many errors and failures of understanding result from not establishing sign conventions at all, or not following them consistently. | ||
| Line 17: | Line 17: | ||
*[[Convention]] | *[[Convention]] | ||
*[[Financial model]] | *[[Financial model]] | ||
*[[Financial reporting]] | |||
*[[Income/(expense)]] | *[[Income/(expense)]] | ||
*[[Inflow/(outflow)]] | *[[Inflow/(outflow)]] | ||
*[[Mostly positive]] | *[[Mostly positive]] | ||
*[[Reconciliation]] | |||
*[[Spreadsheet risk]] | *[[Spreadsheet risk]] | ||
*[[Variance analysis]] | *[[Variance analysis]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 13:28, 16 March 2023
In reporting and modelling, a decision about the meaning of positive and negative numbers.
Many errors and failures of understanding result from not establishing sign conventions at all, or not following them consistently.
Examples of sign conventions include:
- Assets / (liabilities)
- Income / (expense)
- Inflow / (outflow)
- Mostly positive
- B/(W)
