COMPILATION Definition

Bookmark and Share

COMPILATION is the presentation of financial statement information by the entity without the accountant's assurance as to conformity with Generally Accepted Accounting Principles (GAAP). In performing this accounting service, the accountant must conform to the AICPA Statements on Standards for Accounting and Review Services (SSARS).

Learn new Accounting Terms

T-NOTE see TREASURY NOTE.

POSTING, in bookkeeping, is to list on the companys records, such as to list the detail of sales and purchases on the accounts receivable or payable records.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.