ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
YEAR-END ADJUSTMENT Definition
YEAR-END ADJUSTMENT is the process of adjusting the entry to an account at the end of the calendar or fiscal year in order to properly state it for financial statement preparation purposes. The various required adjustments include accrual or deferral of a revenue or expense item, reclassification, to conform book figures to physical inventory counts, and reflecting unusual transactions.
Learn new Accounting Terms
MARKET PRICE (MARKET VALUE), for securities sold on an exchange, is the last reported price at which the securities were sold. For securities sold over-the-counter (OTC), the current price of the securities in the market.
IAAA is Inter-American Accounting Association.