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Auditing

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

Contributors in Auditing

Auditing

After-acquired clause

Accounting; Auditing

Provision in some mortgage and asset based lending agreements, under which any accounts receivable, inventory, or property, acquired by the borrower (after the agreement) is automatically included as ...

After tax return on assets

Accounting; Auditing

Ratio that indicates the level of net income as a percentage of operating assets, and measures a firm's ability to efficiently allocate and manage resources. Formula: Total assets x 100 ÷ After tax ...

Affinity card

Accounting; Auditing

Credit card promoted by an association, club, college, or other organization, under an arrangement with an issuing bank. The issuing bank usually pays a percentage of net interest income to the ...

Accountant

Accounting; Auditing

Qualified person who is trained in bookkeeping and in preparation, auditing and analysis of accounts. Accountants prepare annual reports and financial statements for planning and decision making, and ...

After date

Accounting; Auditing

Term included in a bill of exchange to indicate that the bill becomes payable a specified number of days after the date shown on it. See also after sight and at sight.

After sight

Accounting; Auditing

Term included on a bill of exchange to indicate that it becomes payable a specified number of days after presentment to the drawee. See also at sight.

Increasing opportunity cost

Accounting; Auditing

Larger sacrifice of an alternative good caused by an increasingly greater production of another good in a firm or economy, where resources are already being fully and efficiently used. See also ...

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