Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Risk Management
The process of identifying and assessing financial risks, and establishing the necessary measures to avoid them, mitigate, or minimize their impact.
Adjusted Provision
Approved amount for spending on public expenditures, programs, and projects of a budgetary year after adjustment either to be increased or to be decreased by reclassifications or reinforcement in a fiscal year.
Credit Against Revenue
Amount approved in the budget, which is funded by entity’s revenue.
Payment Order
Prepared by government agencies to disburse financial dues to individuals, government agencies, or the private sector via a transfer or check.
Government Spending
The total amounts that the government spends on public services, infrastructure, and social welfare.
Receivable Revenue
Revenue owed by others to the state treasury that has not been collected
Cash Flow
The movement of money in and out of a business or individual's finances, typically categorized into cash flow from operations, financing, and investing activities.
Audit Plan
A systematic approach that defines the objectives, scope, procedures, and timeline of the financial audit.
Property
A plot of land, building, facility or real estate unit with specific descriptions that is owned by virtue of a title deed.
Opening Financial Position Statement
A first-time adopter’s statement of financial position at the date of adoption of International Public Sector Accounting Standards (IPSASs).
Reclassification Amounts
Amounts to be reclassified by decision from (workers’ compensation, goods and services, programs, and projects) by entity's budget.
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