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| 1. ''Cash management and accounting''.
| | A reverse takeover is the acquisition of a listed company by a private company. |
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| A reconciliation is any quantified explanation of the differences between two related amounts.
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| Reconciliation checks are an important feature of internal control systems, to provide additional assurance about the completeness and accuracy of recording financial and other information.
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| A very important example is the reconciliation of bank statement balances with the amounts in the customer organisation's internal records. | |
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| Another common accounting example is the reconciliation of reported operating profit to net operating cash flows.
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| This statement explains why the figure for accounting profit differs from the net operating cash flows for the same period.
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| Each item contributing to the net difference is quantified within the reconciliation statement.
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| Another example is the comparison of a physical count of stock or other assets, compared with the amounts in financial or other records.
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| 2.
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| More generally, a reconciliation is a quantified explanation of the change in any balance, over a time period.
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| ''Sometimes abbreviated to 'rec'.''
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| == See also == | | == See also == |
| * [[Accounting records]] | | * [[De-listing]] |
| * [[Bank reconciliation]] | | * [[Listed company]] |
| * [[Cash flow]] | | * [[Listing]] |
| * [[Cash management]] | | * [[Private company]] |
| * [[Conciliation]] | | * [[Prospectus]] |
| * [[Full reconciliation]] | | * [[Re-listing]] |
| * [[Profit]] | | * [[Takeover offer]] |
| * [[Tax reconciliation]]
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| * [[Variance analysis]]
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| [[Category:Accounting,_tax_and_regulation]]
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Revision as of 16:49, 3 August 2018
A reverse takeover is the acquisition of a listed company by a private company.
See also
