SFAS Statements issued by the FINANCIAL ACCOUNTING STANDARDS BOARD (FASB). Share Unit of EQUITY in a CORPORATION. Shareholder Owner of one or more shares of stock in a CORPORATION. Shares Authorized Number of shares of stock provided for in the articles of INCORPORATION of a COMPANY.
Shares Outstanding The number of shares in a COMPANY that have been issued and remain in circulation. Short Bond BOND with a short MATURITY; a somewhat subjective concept, but generally meaning two years or less. Short Coupon BOND INTEREST payment covering less than the conventional six- month period. Short Interest Total amount of shares of stock that have been sold short and have not yet been repurchased to close out short positions. Short Sale Sale of an item before it is purchased. A person entering into a short sale believes the price of the item will decline between the date of the short sale and the date he or she must purchase the item to deliver the item under the terms of the short sale. Short-Term Current; ordinarily due within one year. Short-Term Debt All DEBT obligations coming due within one year; show on a balance sheet as CURRENT LIABILITIES. Short-Term Gain or Loss For TAX purposes, the PROFIT or LOSS realized from the sale of securities or other capital assets held six months or less.
Short-Term Investment The temporary INVESTMENT of excess CASH, intended to be held until needed to pay current OBLIGATIONS. SIA Trade group that represents broker-dealers. Significant Accounts An account is significant if there is more than a remote likelihood that the account could contain misstatements that individually or when aggregated with others, could have a material effect on the financial statements, considering the risks of both overstatement and understatement. Significant Deficiency A control deficiency or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report external financial data reliably in accordance with GAAP such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. Significant Findings or Issues Substantive matters that are important to the procedures performed, evidence obtained, or conclusions reached and include but are not limited to: 1. significant matters; 2. results of auditing procedures indicating a need for significant modification of planned auditing procedures; 3. audit adjustments; 4. disagreements among members of the engagement team; 5. circumstances that cause difficulty in applying auditing procedures; 6. significant changes in the assessed level of AUDIT RISK; 7. matters that could result in modification of the AUDITORS' REPORT.
Simple Interest INTEREST calculation based only on the original PRINCIPAL amount. Simple Plans An employer may adopt a simplified retirement plan called a SIMPLE Plan (Savings incentive match plan for employees) if it has fewer than 100 employees that received at least $5,000 in compensation in the preceding year.
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