Account Receivable (Debtor’s) Ledger
An accounting ledger that shows the transaction and payment history of each client who is given credit (debiteurenadministratie).
02Sep
02Sep
Accounting controls
Procedures and documentation for safeguarding assets, recording financial transactions and the ensuring the reliability of financial records. (accounting controls)
03Sep
Accrual accounting
Accrual accounting or accrual-based accounting is an accounting method that records revenues and expenditures when they are incurred, regardless of when cash is received. (batenlastenstelsel)
03Aug
Adverse opinion
The auditor rejects the entire financial statement as it fails to meet the established requirements; the identified errors are material and significantly influence the financial statement. (afkeurende verklaring)
01Aug
AO/IC
Abbreviation for Administrative Organization and Internal Control and relates to the functioning of business processes necessary for reaching the objectives of the organization and ensuring reliable (accountability) information is available. (administratieve organisatie/interne controle)
03Aug
Audit
Conducting an official examination of an individual's or organization's accounts.
03Aug
Audit Opinion
Statement of the auditor about the financial statements based on findings of an audit. (oordeel van accountant)
03Sep
Audit report
Report made by the auditor at the completion of the audit work or research. (onderzoeksrapport)
03Aug
Budget
A financial plan for a defined period, often once a year. (begroting)
08Nov
Budget over- and underages
Overages are expenditures and investments that are higher than estimated. Under-budget refers to expenditure or investment that is less than budget, or income higher than estimated. (over- en onderschrijding van begroting)