ACCOUNTING TREATMENT Definition

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ACCOUNTING TREATMENT is the methods, processes and decisions as to any given accounting decision as to how a transaction is to be or is handled in compliance to GAAP and all applicable statutes.

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PERVASIVE is having the ability to permeate. An error is pervasive if it is material to more than one of the primary financial statements.

RFID is Radio Frequency Identification Tag. An RFID is attached to and identifies a thing such as an item in inventory, a case of items, a pallet of cases, a car passing through a reader on a toll way, or a person passing through a doorway.  It is like a UPC (universal product code) on items in a store, but can be scanned from a longer distance.  A transceiver sends an activating signal and receives identification information.  An active RFID tag has an internal battery and has a longer range than a passive tag which is powered by the radio signal it receives.

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