Tham khảo tài liệu 'accounting glossary - dictionary_3', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | http COMMON STOCK is the most frequently issued class of stock usually it provides a voting right but is secondary to preferred stock in dividend and liquidation rights. COMPANY is an organized group of people to perform an activity business or industrial enterprise. COMPANY KIT normally is a for sale commercially packaged self-instruction product containing written instructions forms software sometimes for establishing an enterprise. COMPARABILITY is the quality or state of being similar or alike. COMPENSATING BALANCES are the funds a business might be required to keep in a deposit or reserve account to help offset what the bank perceives as risk. The lender might require that an amount based on the business average account balance or a certain percentage of the face value of the loan be maintained in a deposit account. COMPENSATING ERROR is the name given to the situation where one mistake cancels out the effect of a second mistake. COMPILATION is the presentation of financial statement information by the entity without the accountant s assurance as to conformity with Generally Accepted Accounting Principles GAAP . In performing this accounting service the accountant must conform to the AICPA Statements on Standards for Accounting and Review Services SSARS . COMPLETED CONTRACT METHOD OF ACCOUNTING is a method of revenue recognition for long-term contracts . contract which span more than one accounting period whereby the total contract revenue and related cost of performance are recognized in the period in which the contract is completed. This method stands in contrast to the percentage-of-completion method of accounting and is most often used when significant uncertainty exists with respect to the total cost of performing the contract and accordingly the ultimate amount of profit to be recognized thereon. COMPLIANCE AUDIT is the review of financial records to determine whether the entity is complying with specific procedures or
