Whenever requests via email for additional definitions are received, our staff researches and provides answers via e-mail to the requesting user.
Those accounting terms are then also added to the Venture Line Accounting Dictionary.
P.), when placed after a number (as in 2500 BP), means "years Before the Present." Archaeologists and geologists generally use this abbreviation to refer to dates that were obtained through the radiocarbon dating technology.
While BP is also used generally as an imprecise estimate of an age of an object or event, the use of it in science was made necessary by the quirks of the radiocarbon methodology.
Long after the Gregorian calendar was established throughout most of the world, atomic clocks have allowed us to adjust our modern calendars with leap seconds to correct for the slowing spin of our planet and other corrections.
But, perhaps the most interesting outcome of all this investigation is the wide variety of modern mathematicians and programmers who have taken a crack at perfecting the matches between ancient calendars using modern technology.
Radiocarbon dates after 1950 are virtually useless unless and until we can figure out a way to calibrate for the excessive amount of carbon still being deposited in our atmosphere.The concept behind the Venture Line MBA Accounting Glossary is totally new.All accounting terms and their associated definitions were requested by you the Venture Line user.So, when you see 2000 cal BP, think "2000 years before the calendar year 1950" or what calculates to the calendar year 50 BCE.No matter when that date is published, it will always mean that.Whether you are an analyst, business person or accounting student, audit the records of a corporation, a business manager, or balance your own checkbook, you will find the Venture Line accounting dictionary of accounting terms of immeasurable assistance.