Strategic initiatives
A strategic initiative is a project or action that is carefully defined and designed to achieve your project objectives, helping to bring your strategy to fruition. A robust strategic initiative is: C...
OpenFinancial Dictionary
Accounting & Finance Terms (English)
Strategic institutions
Institutional strategies are patterns of organizational action concerned with the formation and transformation of institutions, fields and the rules and standards that control those structures.
OpenStrategic performance management
Provides a detailed blueprint for turning a company's vision into reality breaking down the things an entity needs to achieve as a business into real, measurable actions, it's A methodology for measur...
OpenStrategic Planning
Strategic planning is a process in which an organization's leaders define their vision for the future and define their organization's goals and objectives. The process involves determining the sequenc...
OpenStrategic Systems Audit
Strategic Systems Audit focuses on the auditing procedures that test the assertions at entity-level based on the holistic understanding of the client business environment and business dynamics
OpenStraw Man
A straw man is a prototype solution to a problem, built on incomplete information and on ideas that have not been fully thought through. Even in this rough state, though, it helps ensure everyone invo...
OpenSubscription Accounting
Accounting for subscription-based business models under revenue recognition standards like ASC 606/IFRS 15.
OpenSubsequent events
Events occurring after the reporting period that may require adjustment or disclosure.
OpenSubsequent Events
Material event that occurs after the end of the accounting period and before the publication of a Financial Statements of entity. Such events are disclosed in the notes to the financial statements. Al...
OpenSubsidiary
A subsidiary is an entity controlled by another entity, called the parent. Control usually exists when the parent owns more than 50% of the voting rights.
Opensubsidiary ledger
A record of the details to support a general ledger account. The general ledger account is often referred to as the control account. For example, the accounts receivable subsidiary ledger provides the...
OpenSubstance over form
Accounting concept where economic reality prevails over legal form.
OpenSubstantive analytical procedures
Analytical procedures used as substantive tests to detect misstatements.
OpenSubstantive procedures
Procedures performed to detect material misstatements at the assertion level.
Opensum-of-the-years' digits (SYD) method of depreciation
A form of accelerated depreciation which means that in the early years of an asset's life there is more depreciation expense than under the straight-line method. However, in the later years of the ass...
Opensum-of-the-years-digits method
Accelerated depreciation method where the depreciable base is spread over the asset life, with each year's portion being a unique but declining fraction tied to the overall asset life
OpenSundry account
is an account where miscellaneous items are recorded, e.g., Sundry Receivable represent miscellaneous receivables.
OpenSundry Creditors
refers to companies or individuals to which money is owed.
OpenSundry Debtor
is amounts are due for goods sold or services rendered or in respect of contractual obligations. Also termed: debtor, trade debtor, and account receivable
OpenSundry Shareholders
are a group of miscellaneous shareholders.
Opensunk cost
s a Historical Cost in The past , it's already spent and you can not change and Decisions involve only the present and the future, to not spend again
OpenSuperannuation
is a. the act of discharging someone because of age (especially to cause someone to retire from service on a pension); or, b. a monthly payment made to someone who is retired from work.
OpenSuperannuation Fund
Pension Fund.
OpenSupplemental financial statements
reports containing more detailed information than is shown in the primary financial statements.
OpenSupplier credit
It is an agreement between a supplier and a buyer that provides credit with a certain amount for the seller and sometimes there are guarantees of a credit limit. For example, giving a resource to a cu...
OpenSupplier Financing
Its meaning when the supplier may grant the company a negotiated commercial credit line, giving the supplier 90 to 120 days to pay for the goods in addition to the interest charges.
OpenSupplier of financial intermediation services
company is working in financial services for other companies
OpenSupplies
Supplies means buying something from a supplier, and supplies may be merchandise, so it is put in the inventory item and expenses may be put in the item of expenses, and so on, according to the princi...
Opensupplies expense
Supplies means buying something from a supplier, and supplies may be merchandise, so it is placed in the inventory item and expenses may be put in the item of expenses, and so on according to the prin...
OpenSupply
Supplies means buying something from a supplier, and supplies may be merchandise, so it is placed in the inventory item and expenses may be put in the item of expenses, and so on according to the prin...
OpenSupporting documents
Supporting documents are documents that support the presentation of a particular opinion or proof of a particular point by providing documents that support the opinion reached. For example, documents ...
OpenSurcharge
it is additional charge add to basic charge.
OpenSurplus
This means more than need or use and in the financial field the word surplus is called on several things such as surplus profits, surplus capital and so on.
OpenSurTaxes
an additional taxes on something already taxed, such as a higher rate of tax on incomes above a certain level.
Opensuspense account
It is an account in accounting software that is used temporarily to place some amounts until they are classified correctly. If you are an accountant and you have a problem with a billing number in the...
OpenSuspense Account
A temporary account used to hold transactions that are awaiting further analysis or classification.
OpenSuspense Account
A temporary account used to hold transactions that are awaiting further analysis or classification.
OpenSwift Code
Swift or BICs are international codes for banks that need them when sending money across countries or for government purposes.
OpenSWOT analysis
"SWOT analysis is one of the most used forms of business analysis. A SWOT examines and assesses the impacts of internal strengths and weaknesses, and external opportunities and threats, on the success...
OpenSYD
an acronym of sum-of-the-years-digits - depreciation method
OpenSYD depreciation method
an acronym of sum-of-the-years-digits - depreciation method
OpenT&E
is an acronym for Travel & Entertainment.
OpenT&M
is Time and Materials.
OpenT&R
can mean: Technical & Research or Termination & Recoupment.
OpenT-accounts
It refers to an account in ledger or other and is a letter T as both debtor and creditor sides.
OpenT-BILL
see TREASURY BILL.
OpenT/T
It is a payment or financial transaction and is an abbreviation for wire transfer, and is often mentioned for transfer from one bank to another.
OpenTangible
It refers to physical assets such as property, equipment and machinery which is unlike intangible assets.
OpenTangible Asset
It refers to physical assets such as property, equipment and machinery which is unlike intangible assets.
OpenTarget Costing
is a disciplined process for determining and realizing a total cost at which a proposed product with specified functionality must be produced to generate the desired profitability at its anticipated s...
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