Insights on Business Management Software and ERP
SYSPRO Smarter ERP Blog

Posts by Topic

More...

Subscribe to Email Updates

Rounding for accounting accuracy

Posted on 12 September 2013 by JP van Loggerenberg

accounting-accuracyRounding a number sounds such like a minor issue, but in accounting terms it is serious.

The primary rationale of rounding in accounting is to provide a more accurate assessment of a company’s financial state. However, if the rounding is done incorrectly it can result in an inaccurate assessment and presentation of a company’s financial state.

Read More

Topics: Rounding, Financial reporting, Accounting

 

Subscribe to Email Updates