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Corporate Accounting
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Accountant Terms


  > Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.
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  > Base Adjustment
Adjustments made to the initial base level budget to reflect total base level funding available to the agency. The list of acceptable base level technical and policy adjustments are included in the biennial budget instructions. Adjustments are generally made on a technical or policy basis. Examples of technical adjustments are one-time appropriations and program sunsets. Examples of policy adjustments are salary increases and space rental changes.
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  > Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.
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   Accountant News:

CPA Profession Must Continue To Work Cooperatively For Investors Solutions

Investors Deserve Solutions,AICPA Chair Affirms

Opens SEC/PCAOB Conference
WASHINGTON, D.C. (December 5, 2005) – The regulators, standard setters and CPA profession must continue to work cooperatively if the best interests of investors are to be served, the new Chair of the American Institute of Certified Public Accountants said this morning to an audience of 1,500 auditors, corporate controllers and chief financial officers.
Leslie Murphy, who assumed the Chair’s position in October, delivered the opening remarks at the Institute’s 33rd annual National Conference on Current SEC and PCAOB Developments, which is taking place at the Marriott Wardman Park, 2660 Woodley Road, NW. “Reliable and transparent financial reporting is fundamental to the well-being of our capital markets,” Murphy said. “The regulators and standard setters with whom we have collaborated to
bring you this conference play a vital role in setting the bar for quality business reporting.

“Now, more than ever, CPAs and the regulatory community must work together. The richest solutions to issues are those that we will craft together.” Murphy then illustrated how the CPA profession and regulatory bodies are collaborating to
improve the flow and presentation of financial information to investors. She cited Extensible Business Reporting Language (XBRL), a specification for electronic transfer of financial information. XBRL originated with the AICPA, and the SEC is actively encouraging the use of XBRL through a voluntary filing program.

Contact our Baltimore Accountants


If you live in the following cities and need an accountant, you should contact our Baltimore Accountants as soon as possible:

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Did You Know?    
 
 
Accountants work in different areas of practice.
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.

 
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Latest News
  Latest accountant news in Baltimore and nationwide:

Jan 15, 2007 - Accounting Periods When Preparing A Statement Of Income
When preparing a statement of income and expenses (generally your income tax return), you must use your books and records ...
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Jul 14, 2006 - Lt. Governor Denish To Swear In New Accountants
Albuquerque—The Regulation and Licensing Department’s Public Accountancy Board membersand special guest Lt. Governor ...
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Aug 22, 2005 - The Respondent Worked For
By the time the respondent was hired, Fleming had already commenced, without court authorization, to use receivership asse...
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