accounting offset

accounting offset
Netting figures before their inclusion in a profit and loss account. Assets and liabilities should not be offset. However, debit and credit balances with the same counterparty should be aggregated into a single net item where the reporting entity has the ability to insist on a net settlement and specified conditions are met.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Offset — Elimination of a long or short position by making an opposite transaction. Related: liquidation. The New York Times Financial Glossary * * * ▪ I. offset off‧set 1 [ˈɒfset, ˌɒfˈset ǁ ˈɒːfset, ˌɒːfˈset] verb offset PTandPP offsett …   Financial and business terms

  • offset — Taking a second futures or options position opposite to the initial or opening position. Selling (or purchasing) futures contracts of the same delivery month purchased (or sold) during an earlier transaction or making (or taking) delivery of the… …   Financial and business terms

  • Carbon offset — Part of a series on Green economics Concepts …   Wikipedia

  • Hedge Accounting — is an accountancy practice.Why is hedge accounting necessary?Many financial institutions and corporate businesses (entities) use derivative financial instruments to hedge their exposure to different risks (for example interest rate risk, foreign… …   Wikipedia

  • Carbon accounting — is the accounting undertaken to measure the amount of carbon dioxide equivalents that will not be released into the atmosphere as a result of Flexible Mechanisms projects under the Kyoto Treaty. These projects thus include (but are not limited… …   Wikipedia

  • green accounting — n. A system in which economic measurements take into account the effects of production and consumption on the environment. Example Citation: Some independent research groups have tried to devise a kind of green accounting or general progress… …   New words

  • carbon offset — n. A donation or other act that aims to remove a certain amount of carbon dioxide from the atmosphere to compensate for the same amount of carbon dioxide that someone or something has added to the atmosphere. carbon offsetter n. carbon offsetting …   New words

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”