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Glite Dictionary
🔁 Expressing again 💵 Restating finances 🧬 Gene activity again
reexpression

reexpression

8.9
Changing financial statements to show numbers under a new accounting method
  • noun
  • /ˌriːˈɛkspresʃən/
  • Specialized
translation icon : reexpresión
  • After the currency changed, the firm performed a reexpression of its annual accounts.

Examples

  • A reexpression was necessary to reflect the updated accounting policies in the report.

  • The auditor required a reexpression of the company's financial statements to comply with new regulations.

  • The reexpression of the financial data was necessary for compliance.

  • The accountant performed a reexpression of the revenue figures.

  • The auditor required a reexpression of the company's financial statements to comply with new regulations.

  • After the currency changed, the firm performed a reexpression of its annual accounts.

  • A reexpression was necessary to reflect the updated accounting policies in the report.

Synonyms

restatement
vsreexpression
5 4.1

A different way of saying the same idea to make it clearer

applies only to revising financial statements under a different accounting basis or currency
remeasurement
vsreexpression
  • Specialized
8.1

An accounting change that updates asset and liability values to current exchange rates or market prices

revises figures for presentation under a different accounting basis or currency

Surface Forms

reexpression singular
reexpressions plural

Morphology

reexpression = expression (semi-transparent) = re + express + ion

The general idea of presenting figures again is inferable, but the specific accounting sense requires domain knowledge.

Etymology

Reexpression comes from re- 'again' and expression 'showing or stating something'. In accounting it means showing the same numbers again under different rules, a different currency, or a new method, so the reports follow the new standards.