PERIODIC VALUATION allows for the determination on future dates the value of assets, portfolios, etc. with the idea of setting a new standard cost or value to those assets. Such revaluations, up or down, are then posted as the new standard cost or value. See REVALUATION.
IASB see International Accounting Standards Board.
BATCHING, in accounting, is the gathering and organizing of incoming invoices prior to processing.
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