Accounting

Journal entries are entered in ..... order, meaning by date, with the earliest date first.

After the customer is approved, the sales order department must let the warehouse know what goods to pick, and the shipping department needs to know that an order has been ......

Commercial, financial and taxation accounting rules ..... their own purposes and, as a consequence, differences in the results should be expected and accepted.

Other important rules in this respect are 'substance over form', 'market value measurement', and the factual prohibition of hidden ......

These developments have been ....., in part, to dramatic changes in the business and political climates, increasing global competition, the development of more market-based economies, and rapid technological improvements.

Historically, audit firms have developed internal quality control systems based on their domestic operations; however, as clients of audit firms have shifted their focus to global operations, audit firms have followed ..... and now operate on a world-wide basis.

Many futures contract months of the same commodity trade simultaneously on the market, sometimes even years into the future; the contracts other than the current one are called the ..... months, even though they are for future months.

Reconciling ..... to the General Ledger boils down to making sure you know what you owe and what you don't - it's crucial for maintaining business health; it is a fundamental task that can reduce working capital needs and minimize bank borrowings, but it can be a labor-intensive process.

It is the consensus of the committee that all banking institutions are capable of providing the basic treasury management and banking services requested; some banks require a smaller ..... balance for no fee services, but their interest rates are adjusted to offset any significant difference in cost.

An employee stock ..... plan gives you the right to buy a certain number of shares of your employer's stock at a stated price over a certain period of time; often, the shares 'vest' over a period of several years, meaning that some fraction of the shares can be exercised in the first year, another fraction in the second year, etc.