- *financial reporting period ends. Cutoff dates are important in determining the allocation of transactions to time periods in accordance with the *accruals basis of accounting. For example, an auditor may verify that sales are reported in correct periods by reference to the timing of underlying sales transactions around a cutoff date. The deliberate manipulation of transactions around cutoff dates is known as *window dressing.
Auditor's dictionary. 2014.
Look at other dictionaries:
Cutoff — or cut off or cut off may refer to: Contents 1 Science and technology 2 Clothing and fashion 3 Roads and trails … Wikipedia
cutoff — cut‧off [ˈkʌtɒf ǁ ɒːf] also cut off noun [singular] 1. the level at which you decide to stop doing something: • They will review the case and determine a cut off point at which Medicaid will no longer provide coverage. • There was a rush by… … Financial and business terms
cutoff — [kut′ôf΄] n. 1. the act of cutting off; esp., the limit or ending set for a process, activity, etc. 2. a road or passage that cuts across, shortening the distance 3. ☆ a) a new and shorter channel cut by a river across a bend, or dug out to… … English World dictionary
cutoff — (n.) 1640s, act of cutting off, also portion cut off, from verbal phrase cut off (late 14c.). Of rivers, from 1773; of roads, from 1806; of clothing (adj.), from 1840 … Etymology dictionary
cutoff — UK [ˈkʌtɒf] / US [ˈkʌtˌɔf] noun Word forms cutoff : singular cutoff plural cutoffs 1) [countable] a level or limit at which something stops the cutoff date by which all applications must be received 2) [countable] a part of a pipe that can be… … English dictionary
cutoff — noun Date: 1741 1. the act or action of cutting off 2. a. the new and relatively short channel formed when a stream cuts through the neck of an oxbow b. shortcut 1 c. a channel made to straighten a stream 3. a device for cutting off … New Collegiate Dictionary
cutoff — /kut awf , of /, n. 1. an act or instance of cutting off. 2. something that cuts off. 3. a road, passage, etc., that leaves another, usually providing a shortcut: Let s take the cutoff to Baltimore. 4. a new and shorter channel formed in a river… … Universalium
cutoff — also cut off BrE noun 1 (C) a fixed limit or level at which you decide to or have to stop doing something: cutoff date/score/point (=the date etc when you stop doing something): The cutoff point for this sample was a score of 50% or more. 2… … Longman dictionary of contemporary English
Cutoff — Der Begriff Cutoff bzw. Toleranzgrenze bezeichnet einen Toleranzwert in der Analytik von Drogen und Medikamenten. Er legt fest, ab wann ein Testergebnis positiv bzw. negativ zu bewerten ist. Der cut off ist von der Nachweisgrenze zu unterschieden … Deutsch Wikipedia
cutoff — Synonyms and related words: air line, arrest, beeline, bell, border line, bound, boundary, boundary condition, boundary line, bourn, break boundary, breakoff point, ceiling, check, checkmate, circumscription, compass, confine, cut, cutoff point,… … Moby Thesaurus