conservatism — con‧ser‧va‧tis‧m [kənˈsɜːvətɪzm ǁ ɜːr ] noun [uncountable] 1. ECONOMICS unwillingness to take unnecessary risks: • The company s conservatism extends as well to capital spending. 2. ACCOUNTING the principle of being careful not to state an asset … Financial and business terms
conservatism — In accounting, a cautious, prudent, skeptical, or even pessimistic attitude. Conservatism tends to result in the early *recognition of expenses and the later recognition of revenues, as it aims to avoid understating the former and overstating the … Auditor's dictionary
conservatism principle — basic rule of accounting that determines that uncertain losses will be considered losses but uncertain profits will not be considered as profits until doubt is removed … English contemporary dictionary
conservatism — A prudent and not overoptimistic view of the state of affairs of a company or other organization. Because it is regarded as imprudent to distribute to shareholders profits that may not materialize, it is a general principle of accounting not to… … Big dictionary of business and management
Positive accounting — is the branch of academic research in accounting that seeks to explain and predict actual accounting practices. This contrasts with normative accounting, that seeks to derive and prescribe optimal accounting standards.Positive accounting can be… … Wikipedia
Convention of conservatism — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
List of accounting topics — Following is a list of accounting topics * Accounting Ethics * Accounting for risk * Accounting information system * Accounting methods * Accounting period * Accounting reform * Accounting scandals * Accounting software * Accounts payable *… … Wikipedia
Voodoo Accounting — Any form of accounting that does not follow principles of conservatism. While there are many methods by which financial statements can be fudged, it always comes down to inflating revenue or hiding expenses. Examples of accounting shenanigans… … Investment dictionary
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast … Universalium
