👉 Stebbins is a term used in accounting to refer to a step or stage of a process that involves preparing financial statements. It refers specifically to a specific stage in the preparation of annual financial statements, which are typically presented at the end of each year for public reporting purposes.
In accounting, the "step" and "stage" terms are often used interchangeably, but they have distinct meanings:
- Step: A step is a specific point or point in time when a process or activity starts.
stebbins