What Is Segment Margin? Segment margin is the amount of profit or loss generated by one component of a firm. Knowing the gross margin for the whole firm is not usually sufficient in huge corporations. However, knowing the segment margins for each division of the firm offers a more realistic […]
Accounting
35 posts
What Is the Posted Date? For credit and debit cards, the posted date is the specific day, month, and year on which a card issuer posts a transaction and adds it to the account balance of the cardholder. For a bank, it is the day on which money is taken […]
GAAS – What Are Generally Accepted Auditing Standards? GAAS or Generally Accepted Auditing Standards are guidelines auditors generally follow when auditing corporate books and financial records. Generally Accepted Auditing Standards (GAAS) are a set of methodical rules. They are used by auditors while conducting audits on the financial records of […]
What Are Nonparametric Statistics, Tests, and Data? Nonparametric statistics, tests, and methods make statistical inferences without regard to prescribed models or any underlying distribution. Nonparametric statistics are statistical methods in which data do not come from specified models determined by a small number of parameters. For example, the normal distribution […]
Auditable Meaning in Accounting vs Software Applications Auditable Meaning in Accounting and Finance: The ability of an auditor to successfully conduct a comprehensive examination of a client’s financial records, files, & data. A financial audit is an official examination of an individual’s or organization’s financial statements and records. Typically, an […]