What Is Ad Hoc Accounting?

Ad hoc accounting is performed for a specific purpose and disregards any other difficulties. The Latin term ad hoc means “as the situation requires.”

The ad hoc idea relates to numerous business dimensions. An ad hoc committee may be constituted to examine a particular, frequently pressing situation. Ad hoc accounting and reporting means that the accounting activity or report is prepared without prior planning or notice to answer a particular, specific question. Typically, ad hoc analysis takes the form of a report or data summary. Occasionally, it is utilised to obtain current data rather than a static report that may be out-of-date.

Joel Gomez
Joel Gomezhttps://www.gadgetclock.com
Joel Gomez is an Avid Coder and technology enthusiast. To keep up with his passion he started Gadgetclock 3 years ago in 2018. Now It's his hobby at the night :) If you have any questions/queries and just wanna chit chat about technology, shoot a mail - Joel at gadgetclock com.

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