GENERAL CONTROLS Definition

GENERAL CONTROLS, in accounting, are the policies and procedures to assure proper operation of computer systems, including controls over network operations, software acquisition and maintenance, and access security.

Learn new Accounting Terms

RESIDUAL EQUITY THEORY is the theory that common stockholders are considered to be the real owners of the business, i.e., Assets - Liabilities - Preferred Stock = Common Stock.

DAYS CASH ON HAND is calculated: Cash/([operating expense - depreciation expense]/365).

Suggest a Term