Glossary A-Z
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A
a non-resident
A non-resident refers to a person, company or institution that lives in, or is located/operating in a country outside Malaysia.
Source : External Sector
Source Detail : Quarterly Balance Of Payment
account
An account is a tool which records, for a given aspect of economic life, the uses and resources or the changes in assets and the changes in liabilities and/or the stock of assets and liabilities existing at a certain time.
Source : National Economic Accounts
Source Detail : Gross Domestics Product (GDP)
accounting services
Accounting Services:
Refers to services involving the recording of commercial transactions from businesses or others, the preparation or auditing of financial accounts, the examination of accounts and the certification of their accuracy and the preparation of personal and business income tax returns. Included are related advisory activities and representation (other than legal representation) on behalf of clients before tax authorities.
Source : Services
Source Detail : Services Statistics, Professional
accrual accounting
Accrual Accounting records flows at the time economic value is created, transformed, exchanged, transferred or extinguished, so flows which imply a change of ownership are entered when ownership passes, services are recorded when provided, output at the time products are created and intermediate consumption when materials and supplies are being used.
Source : National Accounts
Source Detail : Gross Domestics Product (GDP)
acid rain
Any form of precipitation (rain, snow, hail or fog) whose acidity has been increased through the uptake of acid pollutants from the air.
Source : Environment
Source Detail : Compendium of Enviroment Statistics
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