BNET Business Dictionary
Business Definition for: Accounting Bases
- the methods used for applying fundamental accounting concepts to financial transactions and items; preparing financial accounts; determining the accounting periods in which revenue and costs should be recognized in the profit and loss account; and determining the amounts at which material items should be stated in the balance sheet
Additional Resources
- GAO: More needed to clean bases
- DOD has underestimated the cost of removing hazardous waste at military bases, contends a General Accounting Office report issued last week. DOD has underestimated the cost of removing hazardous waste at military bases, contends a General Accounting Office report issued last week.
- Research articles 1995-03-03
- Other Comprehensive Basis of Accounting methods: non-GAAP-based financial statements
- Financial statements prepared using other comprehensive bases of accounting [OCBOA] are growing in popularity. Many smaller, nonpublic entities are over burdened with the accounting and reporting guidance issued by the Financial Accounting Standards Board [FASB] and feel that the costs of adhering to the stringent accounting and reporting guidance issued...
- Research articles 2003-04-01
- GAO concludes that contract foodservice can benefit military bases
- WASHINGTON -- Food management companies interested in operating foodservice on U.S. military bases received good news from the General Accounting Office. A GAO study concluded it is more profitable for the military to hire outside contractors to manage branded foodservice operations on its bases than it is for the military...
- Research articles 2001-09-10
- Measurement Bases for Financial Accounting: Measurement on Initial Recognition
- This white paper focuses on measurement on initial recognition of assets and liabilities. It represents the first stage of a project to address the measurement objective for assets and liabilities that are recognized in financial statements. The project is intended to provide the International Accounting Standards Board IASB and national...
- White papers 2005-11-01
- Accountants corner: Update on financial statement standards and developments in the accounting profession
- Since the last report which covered pronouncements through FASB 133 (The Secured Lender - March/ April 1999), there have been relatively few new ones particularly any which may be of interest to asset-based lenders. However, the advent of e-commerce will definitely affect accounting rules in the future. The latest...
- Research articles 2000-11-01
- GAAP for Private Companies
- The Private Company Task Force conducted extensive research on the issue of private company financial reporting. This paper briefs about the task force's findings and conclusions. Generally Accepted Accounting Principles GAAP for private companies should be developed based on concepts and accounting that are appropriate for the distinctly different needs...
- White papers 2005-03-01
- Report urges feds to cooperate in cleanups.(News)
- Byline: Bruce Geiselman Defense officials need to better coordinate cleanup efforts at former military bases with other federal and state regulators, according to a report prepared for Congress. The General Accounting Office report relea ...
- Research articles 2003-05-12
- GAO urges better focus for water system security spending.(Washington Report)
- The U.S. General Accounting Office GAO reports that federal funds to protect water systems from terrorism should be focused on distribution and computer control systems at utilities serving highly populated areas, military bases, and key government The U.S. General Accounting Office GAO reports that federal funds...
- Research articles 2004-01-01
- Ordnance on 29% of base land
- Nearly one-third of all land on 37 closing bases is highly likely to contain unexploded ordnance, a General Accounting Office GAO report concluded. Case Studies on Selected Bases Closed in 1988 and 1991 examined 37 bases ordered closed by the second and third rounds of the...
- Research articles 1995-10-27
- Other Services And Reports
- The three basic professional standards issued by the Auditing Standards Board that related to services are—Statements on Auditing Standards SAS, Statements on Standards for Attestation Engagement SSAE and Statements on Standards for Accounting and Review Services SSARS. This paper provides an overview of labels of assurance and other services, SAS...
- Presentations 2003-01-01
- Understanding Materiality
- Materiality is a term used in accounting and the law, in relation to information disclosed in financial statements that affects decisions made by the people who read them.Deciding whether something is a material item involves making a judgment about it, in both quantitative and qualitative terms. Such evaluation is for...
- Articles 2007-11-09
- DOD overestimated base-closing $
- The Pentagon grossly overestimated property-sales revenue from closing military bases in the 1988 and 1991 closure rounds, because 89% of the land was either retained by DOD or transferred at no cost to other agencies, concluded a General Accounting OfThe Pentagon grossly overestimated property-sales revenue from ...
- Research articles 1994-11-25
- California Wins 3,000 Jobs in Defense Consolidation. (Originated from The Sacramento Bee, Calif.)
- SACRAMENTO, Calif.--May 4--In a boost to California's beleaguered defense communities, the Defense Department announced Tuesday that it will place financing and accounting offices - and 3,000 jobs - on four bases in the state. The Defense Department, in announcing 25 sites nationwide for Defense Finance...
- Research articles 1994-05-04
- Tenaris SA Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. [Operator Instructions]. And your first question comes from the line of Ole Slorer from Morgan Stanley. Ole Slorer - Morgan Stanley Thank you very much. I wonder if we can have some clarifications on some of the pricing trends. I mean if...
- Earnings calls 2007-11-08
- Precision Drilling Trust Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Thank you. We will now take questions from the telephone lines. [Operator Instructions]. The first question is from John Tasdemir from TRISTONE Capital. Please go ahead. John Tasdemir - TRISTONE Capital Hi. Good afternoon, guys. Kevin, welcome back to Alberta. Hope they...
- Earnings calls 2007-10-25
- Taubman Centers Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator [Operator Instructions]. Your first question is from Christine McElroy with Banc of America. Christine McElroy - Banc of America Securities Hi, good morning. Obviously your tenant sales growth numbers were very strong. Can you give us some color on how that growth trended...
- Earnings calls 2007-10-24
- Knight Capital Group, Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Yes sir. And thank you. The question-and-answer session will be conducted electronically. [Operator Instructions]. And we will take our first question from Chris Allen from Banc of America Securities. Please go ahead. Christopher J. Allen - Banc of America Hey guys. How...
- Earnings calls 2007-10-17
- Goldman Sachs and Morgan Stanley May Buy Up Regional Banks
- FP Trading Desk submits: While Goldman Sachs Group Inc. GS and Morgan Stanley MS will likely remain on the sidelines for now given the challenges associated with valuing potential takeover targets in an environment plagued by credit woes and mark-to-market accounting issues, they may look to buy up regional...
- External links 2008-09-24
- Deferred taxes in personal financial statements
- Under AICPA Statement of Position 82-1, Accounting and Financial Reporting for Personal Financial Statements, assets are reported at estimated current values and liabilities are reported at estimated current amounts. Additionally, a provision for estimated income taxes on differences between these reported amounts and tax bases of assets and liabilities is...
- Research articles 1999-03-01
- Sweatshop Items Sold in U.S. Military Stores.
- By Doris Hajewski, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News Feb. 15--U.S. military exchange stores do a worse job of sweatshop monitoring than private retailers, according to a new report from the U.S. General Accounting Office. The GAO started an investigation...
- Research articles 2002-02-15
Neighboring Terms
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