- Industria: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
The company in which an investment is held. Often used to describe an equity method investment, in which the investor reports a share of the investee's net income.
Industry:Accounting
A book of original entry in a double-entry system. The journal lists all transactions and the accounts to which they are posted.
Industry:Accounting
An inventory system that attempts to minimise inventory costs that do not add value for the customer. It arranges for suppliers to deliver small quantities of raw materials just before those units are needed in production. Storing, insuring, and handling raw materials are costs that add no value to the product, and are minimised in a just in time system.
Industry:Accounting
Drawing a bank cheque on insufficient funds to take advantage of the time required for collection.
Industry:Accounting
A scheme to cover an embezzlement by using payments made by one customer to reduce the receivables balance of another customer.
Industry:Accounting
The schedule at the beginning of audit documentation that summarises the detailed schedules.
Industry:Accounting
(limit check). A computer programme step that compares data with predetermined limits as a reasonableness test (hours worked over 60 per week).
Industry:Accounting
The availability of cash or ability to obtain it quickly. Debt paying ability.
Industry:Accounting
Speeds the availability of funds from cash collections by reducing the time from the customer mailing the cheque until the funds are available to spend. Remittances are sent to a bank near the customer and the bank deposits funds speedily to the payee's account.
Industry:Accounting
