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The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.The act, Pub. L. 107–204 (text), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and ...
SOA 2.0 is the ability to create high-level business events from numerous low-level system events. Events are created by filtering real-time data (from middleware, applications, databases, and Web services, for example) and infusing it with defining detail such as dependencies or causal relationships discovered by correlating other events.
A vendor-neutral service-oriented solution helps to evolve the underlying technology architecture in response to ever changing business requirements. By not being dependent on a particular vendor, any aging infrastructure could be replaced by more efficient technologies without the need for redesigning the whole solution from scratch.
SOA Governance is a set of processes used for activities related to exercising control over services in a service-oriented architecture (SOA). One viewpoint, from IBM [1] and others, is that SOA governance is an extension (subset) of IT governance which itself is an extension of corporate governance. The implicit assumption in this view is that ...
Invoice processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: Invoices associated with a company's internal request or purchase order (PO-based invoices) and; Invoices that do not have an associated request (non-PO invoices).
Suppliers offer various payment terms for an invoice. Payment terms may include the offer of a cash discount for paying an invoice within a defined number of days. For example, 2%, Net 30 terms mean that the payer will deduct 2% from the invoice if payment is made within 30 days. If the payment is made on Day 31 then the full amount is paid.
Substance over form is an accounting principle used "to ensure that financial statements give a complete, relevant, and accurate picture of transactions and events". If an entity practices the 'substance over form' concept, then the financial statements will convey the overall financial reality of the entity (economic substance), rather than simply reporting the legal record of transactions ...
Within service-oriented solutions, a service contract represents a fundamental artifact, as this is the only medium through which services interact with each other or other consumer programs. This creates a strong need to standardize the service contracts in order to make services reusable and recomposable as much as possible.
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