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The convergence of accounting standards refers to the goal of establishing a single set of accounting standards that will be used internationally. [1] Convergence in some form has been taking place for several decades, [ 2 ] and efforts today include projects that aim to reduce the differences between accounting standards.
E-accounting (or online accounting) is the application of online and Internet technologies to the business accounting function. [1] Similar to e-mail being an electronic version of traditional mail, e-accounting is "electronic enablement" of lawful accounting and traceable accounting processes which were traditionally manual and paper-based.
Synchronized dancers. Synchronization is the coordination of events to operate a system in unison. For example, the conductor of an orchestra keeps the orchestra synchronized or in time. Systems that operate with all parts in synchrony are said to be synchronous or in sync—and those that are not are asynchronous.
There are tools available for file synchronization, version control (CVS, Subversion, etc.), distributed filesystems (Coda, etc.), and mirroring (rsync, etc.), in that all these attempt to keep sets of files synchronized. However, only version control and file synchronization tools can deal with modifications to more than one copy of the files.
The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
In a metadirectory environment, these roles or groups could also be "pushed" or synchronized with other platforms. For example, groups can be synchronized with native operating systems such as Microsoft Windows for use on an access control list that protects a folder or file. With the metadirectory distributing groups, the central directory is ...
In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period.
The composition model is an extension on the check-out/check-in model. This model allows developers to think in configurations instead of individual files. Although the complete check-out/check-in model is represented in the composition model, it enables the use of different strategies for updating through the use of improved support for the management of configurations.