a pendent ornament consisting commonly of a bunch of threads, small cords, or other strands hanging from a roundish knob or head, used on clothing, in jewelry, on curtains, etc. 2. something resembling this, as the inflorescence of certain plants, especially that at the summit of a stalk of corn.
It is estimated that Governmentâs total expenditure for the financial year 2016-2017, on the accrual basis, will be $4 394.5 million. When converted to the cash basis, total expenditure is $4 331.7 million, an increase of $92.5 million or 2.2 per cent over the revised figure for 2015-2016.
Definition of Accounting Estimates. Financial statements provide investors and analysts with information about a companyâs ability to manage its financial transactions and build value in the organization. Accountants gather information to use when creating the financial statements.This information includes both actual dollar amounts and estimated amounts. Accounting estimates require the accountant to determine what financial value to record when the actual amount is unknown.ccountants gather information to use when creating the financial statements. This information includes both actual dollar amounts and estimated amounts. Accounting estimates require the accountant to determine what financial value to record when the actual amount is unknown.