Outrageously Funny Word Dictionary :: Finality

👉 In accounting and finance, "finality" refers to a financial statement or report that is prepared with all necessary information, including those that are required for compliance with legal requirements. It signifies the end of any previous transactions in a financial transaction, as it provides an accountant with the evidence needed to ensure that there is no further transaction history that could potentially affect the accuracy of the financial statements. In other words, finality ensures that the accounting and financial records reflect all pertinent information, including those required

finality