ownjelentéskörön

ownjelentéskörön is a Hungarian term that translates to "on its reporting scope" or "within its reporting scope." It is used in various contexts, particularly in finance, accounting, and business reporting, to denote the boundaries or extent of information that is to be included in a particular report or financial statement.

When a company or organization is preparing a report, the own jelentéskörön defines which entities, transactions, or periods are subject to that report. For example, in a consolidated financial statement, the own jelentéskörön would typically include the parent company and all its subsidiaries that are consolidated according to accounting standards. Conversely, the own jelentéskörön might exclude certain joint ventures or associated companies if they are accounted for using a different method, such as the equity method.

The concept is crucial for ensuring clarity and accuracy in financial disclosures. It helps stakeholders understand precisely what information is being presented and what might be excluded, thereby enabling more informed analysis and decision-making. Different regulatory frameworks and accounting standards may have specific rules governing what falls within the own jelentéskörön for different types of financial reporting. The precise definition and application of own jelentéskörön are essential for compliance and for providing a true and fair view of the reporting entity's financial position and performance.