substantiation n
1. additional proof that something that was believed (some fact or hypothesis or theory) is correct; "fossils provided further confirmation of the evolutionary theory" [syn: confirmation, verification, check]
2. the act of validating; finding or testing the truth of something [syn: validation, proof]

Substantiation \Sub*stan`ti*a"tion\, n. The act of substantiating or proving; evidence; proof.

See more meaning on Substantiation...

Balance Sheet Substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record (e.g. SAP, Oracle, other ERP system's General Ledger) are reconciled (in balance with) with the balance and transaction records held in the same or supporting sub-systems.

Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy.

Balance Sheet Substantiation is an important process that is typically carried out on a monthly, quarterly and year-end basis. The results help to drive the regulatory balance sheet reporting obligations of the organization.

• Skechers to pay $40 million to settle federal toning shoes case - Los Angeles Times
  “The FTC’s message, for Skechers and other national advertisers, is to shape up your substantiation or tone down your claims.” One ad, which aired during the 2011 Super Bowl, featured celebrity Kim Kardashian dumping her personal trainer ... Read more on this news related to 'Substantiation'
• Shape-up or Ship-out: FTC Sends Tough Message to Marketers of Toning Shoes But Fails to Clarify Murky Standard - jdsupra.com
  According to the FTC, Skechers lacked substantiation that its toning shoes provided more weight loss, strengthening, and muscle toning benefits than regular fitness shoes. Although Skechers ran an ad containing a chiropractor’s endorsement of its toning ... Read more on this news related to 'Substantiation'
• Frankel scores a perfect 10 in Lockinge - Bloodhorse.com
  a truly frightening prospect for his rivals. Trainer Sir Henry Cecil has long believed that Frankel would be even better as a four-year-old, and the Lockinge already provides some substantiation. Relaxing kindly in second behind his pacemaker ... Read more on this news related to 'Substantiation'