Terms Used In Nevada Revised Statutes > Chapter 353A - Internal Accounting and Administrative Control

• Agency: means every agency, department, division, board, commission or similar body, or elected officer, of the Executive Branch of the State. See Nevada Revised Statutes 353A.010
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Committee: means the Executive Branch Audit Committee created pursuant to NRS 353A. See Nevada Revised Statutes 353A.010
• Director: means the Director of the Office of Finance. See Nevada Revised Statutes 353A.010
• Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
• Ex officio: Literally, by virtue of one's office.
• Executor: A male person named in a will to carry out the decedent
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Fraud: Intentional deception resulting in injury to another.
• Internal accounting and administrative control: means a method through which agencies can safeguard assets, check the accuracy and reliability of their accounting information, promote efficient operations and encourage adherence to prescribed managerial policies. See Nevada Revised Statutes 353A.010
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.