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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

Lock-box system

Accounting; Auditing

An area where important documents are stored safely in the event the business property is destroyed or theft is attempted.

Loans receivable

Accounting; Auditing

A record of how much money needs to be paid on loans outstanding.

Long term asset

Accounting; Auditing

In general, asset with a lifespan of over five years.

Quoted share

Accounting; Auditing

The financial investment a shareholder has in a business or corporation.

Range

Accounting; Auditing

1. General: Universe of all realistic possibilities. 2. Cost estimating: Upper and lower possibilities of the forecasted costs for a product, program, or project. 3. Marketing: Group of associated ...

Ratchet clause

Accounting; Auditing

1. Contracts: Provision under which the contract-associated rights of the involved parties are adjusted according to an agreed upon formula upon completion of a part or stage of the contract. 2. ...

Ratable value

Accounting; Auditing

Estimated value of a property,based on the annual rent it (with vacant possession) will fetch in the real estate market.

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