STAKEHOLDER Definition

Bookmark and Share

STAKEHOLDER is a person, group, organization, or system who affects or can be affected by an organization's actions, e.g. stockholders, employees, vendors, and customers.

Learn new Accounting Terms

TWO PARTY CHECK is a check made out from one individual to another, i.e. only two entities are involved in the transaction.

TRUE AND FAIR VIEW is one of the most prominent principles of accounting. It suggests that an enterprise should provide a true and fair view about its financial conditions and operating results. The concept of true and fair view does not mean absolute truth about enterprises. Financial statements are a product of managements judgments and estimates. The principle of true and fair view requires comparative truth about the enterprises picture. True and fair view is rather defined operationally; it is thought to be accomplished by complying with all other lower accounting principles.

Suggest a Term

Enter Search Term

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