The phrase "accounting judgment" is correct and usable in written English.
It can be used in contexts related to financial reporting, auditing, or decision-making processes in accounting where subjective assessments are required.
Example: "The auditor's report highlighted the importance of accounting judgment in determining the fair value of the company's assets."
Alternatives: "financial judgment" or "accounting discretion".
In those partnerships, Mr. Glisan shared responsibility for accounting judgments that, according to the committee report, "went well beyond aggressive".
"He presided over and participated in a series of accounting judgments that, based on the accounting advice we have received, went well beyond the aggressive," the report said.
Richard Causey, Enron's chief accounting officer, presided over a series of accounting judgments that went well beyond the aggressive and failed to provide the board with sufficient information about transactions.
JPMorgan posted $6.53 billion of net income for the first quarter, a 33percentt jump from the same quarter last year, but much of that gain came from accounting judgments rather than increased customer demand.
He added that the overstatements involved small sums and complicated accounting judgments, people present said.
The problem is compounded by the fact that the standards defining acceptable accounting judgments depend on context.
To counter that, the government is expected to bring testimony that information was knowingly withheld from Arthur Andersen by Mr. Causey and others for the purpose of ensuring a particular outcome in their accounting judgments.
Tom Jones: A lesson I personally learned about effective governance is that replacing the independent public accounting firm can create unexpected risks with regard to whether the new accounting firm is comfortable with important accounting judgments and estimates, and adequacy of important internal controls and compliance procedures.
After all, Deloitte recently paid $20 million dollars because of allegations that its audit was an example of, in the words of recent court decisions, "an egregious refusal to see the obvious, or to investigate the doubtful," and that its client Bear Stearns' accounting judgments were such that no reasonable auditor would have made the same decisions if confronted with the same facts.
