Sign convention: Difference between revisions
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In reporting, 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 | 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) | |||
==See also== | ==See also== | ||
*[[Assets/(liabilities)]] | |||
*[[B/(W)]] | *[[B/(W)]] | ||
*[[Convention]] | |||
*[[Financial model]] | *[[Financial model]] | ||
*[[Financial reporting]] | |||
*[[Income/(expense)]] | |||
*[[Inflow/(outflow)]] | *[[Inflow/(outflow)]] | ||
*[[Mostly positive]] | *[[Mostly positive]] | ||
*[[Reconciliation]] | |||
*[[Spreadsheet risk]] | |||
*[[Variance analysis]] | *[[Variance analysis]] | ||
[[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)
