Dictionary
Thesaurus
Encyclopedia
Translator
Web
Related Searches
Nearby Words

prior period adjustment

 - 1 dictionary result
Financial Dictionary

prior period adjustment

Correction of a material mistake in reported income in an earlier financial statement. Although prior period adjustments affect retained earnings, they are not used to alter income in the current period.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see prior period adjustment on Thesaurus | Reference
FacebookTwitterFollow us:
Partner Sites:
Ask AnswersEviteExpediaHotelsHotwireLife123LiveDailyMy Way