TRANSACTION DRIVERS Definition

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TRANSACTION DRIVERS are used to count the frequency of an activity, i.e., the number of times an activity is performed.

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HARD ASSETS are physical assets (land, buildings, equipment) and financial assets (cash, credit, financial instruments). Hard assets are usually on the records of account in an organization and subjected to inventory and/or custodial safeguards. See also SOFT ASSETS.

PERVASIVE is having the ability to permeate. An error is pervasive if it is material to more than one of the primary financial statements.

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