The noun STRATIFICATION has 5 senses: 1. the act or process or arranging persons into classes or social strata. 2. the condition of being arranged in social strata or classes within a group.3. forming or depositing in layers. 4. a layered configuration. 5. the placing of seeds in damp sand or sawdust or peat moss in order to preserve them or promote germination. Familiarity information: STRATIFICATION used as a noun is common.ouns denoting acts or actions. Hypernyms (stratification is a kind of...): assortment; categorisation; categorization; classification; compartmentalisation; compartmentalization (the act of distributing things into classes or categories of the same type).
The business entity concept, also known as the economic entity principle, states that all business entities should be accounted for separately. In other words, businesses, related businesses, and the owners should be accounted for separately.
An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entityâs filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC. The ASU does not contain an effective date. However, an entity would apply the definition of a PBE in connection with its adoption of the first ASU that uses the term.