What Is a Spiral Development Process

question 95

Essay

What is a spiral development process?

---

Definitions:

Adverse Opinion

An auditor's opinion indicating that a company's financial statements do not fairly represent its financial position, results of operations, or cash flows, often due to misstatements or non-compliance with accounting standards.

GAAP

GAAP (Generally Accepted Accounting Principles) are standardized guidelines for accounting practices and financial reporting in the United States.

Segment Reporting

The practice of dividing a company's financial reports into segments based on geographical areas, products, or services to provide insight into performance.

Reportable Segments

Sections of a business that have separate financial information available and are significant enough to warrant separate disclosure in the company's financial statements.