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Dictionary by pitch.dog
Accounting policy, GAAP & adjustments · Working

Accounting judgement

Also called: judgment

ELI5

A management conclusion required when applying accounting rules to facts and circumstances.

Used in conversation

“Which accounting policy governs accounting judgement?”

Pitch context

You will see “Accounting judgement” in financial models, budgets, board packs and investor materials when the discussion reaches accounting policy, gaap & adjustments.

Why it matters: In accounting policy, gaap & adjustments, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 4

Direct term-level sources and supporting source families.