Glossary of Terms beginning with R

Click one of the letters above to go to the page of all terms beginning with that letter.

Results Based Budgeting

Recoverable service amount

The higher of a non-cash-generating asset's fair value less costs to sell and its value in use.

Regular Way Purchase or Sale

A purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned.

Regular Way Related parties

Related parties are parties considered to be related if one party has the ability to control, or exercise significant influence over, the other party in making financial and operating decisions, or if the related party entity and another entity are subject to common control.

Related party

Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operating decisions or if the related party entity and another entity are subject to common control. Related parties include:
(a) entities that directly, or indirectly through one or more intermediaries, control, or are controlled by the reporting entity;
(b) associates (see International Public Sector Accounting Standard IPSAS 7 Accounting for Investments In Associates)]
(c) individuals owning, directly or indirectly, an interest in the reporting entity that gives them significant influence over the entity, and close members of the family of any such individual;
(d) key management personnel, and close members of the family of key management personnel; and (e) entities in which a substantial ownership interest is held, directly or indirectly, by any person described in (c) or (d), or over which such a person is able to exercise significant influence.

Related Party Transaction

Related party transaction is a transfer of resources or obligations between related parties, regardless of whether a price is charged. Related party transactions exclude transactions with any other entity that is a related party solely because of its economic dependence on the reporting entity or the government of which it forms part.

Remuneration of key management personnel

Remuneration of key management personnel is any consideration or benefit derived directly or indirectly by key management personnel from the reporting entity for services provided in their capacity as members of the governing body or otherwise as employees of the reporting entity.

Reporting Date

Reporting date is the date of the last day of the reporting period to which the financial statements relate. In the case of the UN, it is 31st December of each year for all Volumes except Volume II that has 30th June as the last day of the reporting period.

Reporting Period

Reporting period is the basic accounting period that applies to all financial recording and reporting at the UN. The financial period begins 1st January, lasts for 12 months and ends on 31st December for all volumes except Peacekeeping Volume II that has a reporting cycle starting from 1st July and ending at 30 June.


Research is the original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding.

Residual Value

Residual value is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Retrospective Application

Retrospective application is the application of a new accounting policy to transactions, other events and conditions as if that policy had always been applied.

Retrospective Restatement

Retrospective restatement is a revision, correcting the recognition, measurement and disclosure of amounts of elements of financial statements as if a prior period error had never occurred.

Return on plan assets

The interest, dividends and other revenue derived from the plan assets, together with realized and unrealized gains or losses on the plan assets, less any costs of administering the plan (other than those included in the actuarial assumptions used to measure the defined benefit obligation) and less any tax payable by the plan itself.

Returned Order

A customer request to return a received product. A Return Order can be referenced to the original Sale Order.


Revenue is the gross inflow of economic benefits or service potential during the reporting period when those inflows result in an increase in net assets/ equity, other than increases relating to contributions from owners.


Reports, Interfaces, Conversions, Enhancements, Forms & Workflows


Rations Management System


Return on Investment


Resource Related Billing


Regression Testing


Requirements Traceability Management / Real Time Management