Category: T

A simplified 2 column account resembling the letter ‘T’ used to illustrate double entry bookkeeping. Has 3 elements, title, left hand columnar and a right hand column.

Method and industry standard used to store scanned and digital images in gay-scale, full color and black and white.

Calculated by deducting intangible assets, preferred costs of equity from the book value of a firm.

1. Contracting. Final cost that is agreed on. 2. Costing. Final cost of a service or product that needs to be achieved to generate desired sales revenue and income. See target costing.

The output that is aimed for from process or the results aimed for in admeasurement.

A notebook computer that has an LCD touch screen that can also be used with a stylus. It uses digital ink technology.

Method of quality control combining process control and control charts with process and product design in order to get a total design that is robust.

An instrument with associated costs that are depreciable.

A method of product costing where the final cost has been determined after analyzing the market and designing the product to meet demands. See target cost.

IRS tax credit used to encourage employers to hire people at high unemployment times.

A newspaper that is roughly half the size of a regular paper, 12×14 inches in size.

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

The amount that is assigned to the area of business operations like supply payment.

Calendar date when a project is to be completed. It starts as an estimate and may be changed as the date nears.

Selection of customers by a business wishing to sell services or products. Use market segments and choosing which ones to target.

A term referring to anything that is derived from or having to do with tables.

Written promise where the lender provides long term financing to replace a short term loan or bridge finance. Also known as Takeout agreement opt Takeout loan.

A firm’s equity capital calculated by deducting liabilities, prepaid expenses, goodwill and start up and deferred costs from a net total of assets.

Amount of revenue that a company wants to generate in the current accounting period.

Situation where import duties on raw materials, components or partly completed goods are greater than on the finished goods. See tariff escalation.