LEGALLY MANDATED Definition

Bookmark and Share

LEGALLY MANDATED is that which is required by law, e.g. the ratio of majority inhabitant vs. minority new-hire quotas in a legislated work environment.

Learn new Accounting Terms

CURRENT COST ACCOUNTING is a system of accounting which adjusts for changing pricing.

NON-CASH FINANCING & INVESTING is where information about transactions and other events that do not result in any cash flows during the financial year but affect assets and liabilities that are recognized must be disclosed in the financial report where the transactions and other events: a. involve parties external to the entity; and b. relate to the financing or investing activities of the entity.

Suggest a Term

Enter Search Term

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