Accounting Data (Noun)
Meaning
All the data (ledgers and journals and spreadsheets) that support a financial statement; can be hard copy or machine readable.
Classification
Nouns denoting groupings of people or objects.
Examples
- The auditor requested access to the company's accounting data to verify the accuracy of the financial statements.
- The accounting data was stored electronically, making it easy to retrieve and analyze.
- The accountant spent hours reviewing the accounting data to identify any discrepancies or errors.
- The company's accounting data was subpoenaed by the court as part of the financial investigation.
- The accounting software automatically generated financial reports based on the accounting data entered by the user.