January 30th, 2009
Complex accounting definitions
Some of the most complex accounting definitions are accumulated depreciation and adverse opinion. The accumulated depreciation is the total depreciation of a group of assets and or a single asset from the acquisition to the time it is report in your taxes or financial statements. An adverse opinion is the opinion from the auditor which claim that the financial statements are not representative of the position of the company financially, its operation and cash flow analysis. That the GAAP which is the generally accepted accounting principles are not being conformed to. Generally the auditor issues this opinion when the internal control is ineffective in its financial reporting.
