Category: A

Work performed to create a result. Actions done to help ABC computations. The smallest task done in a time, in relation to others, resouces, and costs. AKA task.

Quotas used by sales organizations forcing employees to perform at a certain level. It proves work is being done even if there is no outcome.

The notice handed to a party in person. They are presumed to have recieved it by their actions and knowledge.

In INSURANCE, a statistical measure based on the expectation that a loss will occur, and the benefits that will become payable as a result. By computing this measure, the INSURER can vary

Additional charges added to an item based on value not on physical characteristics.

Acceleration principle is an alternate definition to refer to.

When an individual accepts the role of trustee. This cannot be renounced post acceptance.

Refer to the term system access level for clarification.

A party who commits a crime by hiding the offender or aiding in their escape preventing punishment.

Placing anothers concerns befor your own to solve an issue. This is a good low stakes move to encourage long term business. Refer to accomodations.

The activity summary of an account over a period of time. Or the change in cost behavior over time.

On a statement the balance of the previous months statement.

An accountant who has been negligent, fraudulant, broke laws, or does not employ the GAAP.

A unit in economics that engages in activities, controls resources, and is not part of the company. AKA reporting entity.

When accrual statements are used to predict profits. Or the ratio of earnings before interest and taxes. It is a percentage of capital employed in the accounting period. AKA book value method,

Records of financial transactions kept by a place of business. It is used to show the position and has two sheets. The balance sheet and the income sheet help attract investors to

Under the US SECURITIES AND EXCHANGE COMMISSION Regulation D, a wealthy investor with a minimum net worth of $1 million or annual income of more than $200,000 that is permitted to invest

A concept that represents the time between sales and purchases as well as collection of payment. It is the actual performance of a business.AKA accural concept. Refer to accounting concepts.

A fund for a nonprofit. Extra income over expenses are added to the fund and payments taken out.

A solution with a ph below 7. It has a sour taste, releases hydorxyl, and makes litmus papers red. Strong acids are corrosive and weak ones are practically harmless. AKA mineral, inorganic,