Auditing

Auditing

The systematic review and examination of an individual's or organization’s accounting records to verify their accuracy.

Industry: Accounting

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Auditing

Recapitalization

Accounting; Auditing

Significant readjustment of a firm's capital structure due to (1) issuance of new stock (shares), (2) exchange of bonds for stock, such as a part of a leveraged buyout, (3) reorganisation after ...

Rebate

Accounting; Auditing

Return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period. Unlike discount (which is deducted in ...

Receivable

Accounting; Auditing

Accounting term for amount due from a customer, employee, supplier (as a rebate or refund), or any other party. Receivables are classified as accounts receivable, notes receivable, etc., and ...

Recapture of depreciation

Accounting; Auditing

Inclusion of a gain realised on a depreciable asset (when sold for more than its book value) into the taxable income.

Receipt

Accounting; Auditing

Formal, written acknowledgment that something of value has been received.

The measurement on how efficient a company's marketing strategy is. The ratio is calculated by dividing the number of advertising expenses by the amount of sales for the year. If the number is low, ...

Advertising to sales ratio

Accounting; Auditing

Indicates the effectiveness of the current advertising campaigns by expressing relationship between money spent on advertising and sales generated. Formula: Advertising expenses ÷ sales revenue.