11 Terms
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General accounting
Use this category for general accounting terms.
Industry: Accounting
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General accounting
accuracy audit
Accounting; General accounting
An audit of a company's systems to determine if the conclusions are accurate. This can pertain to bookkeeping systems or billing coding such as that used by medical facilities. An accuracy audit of ...
acid test
Accounting; General accounting
Most stringent test of the reliability. So called because since ancient times acid is applied to assess the purity of a piece of gold (pure gold is unaffected by dilute acids).
acid test ratio
Accounting; General accounting
Key measure of a firm's liquidity, it answers the question "Can this firm meet its current obligations from its liquid assets if suddenly all sales stop?
acquiring bank
Accounting; General accounting
Bank which processes a merchant's credit card sales, and credits them to the merchant's account.
acquiring processor
Accounting; General accounting
Non-bank service firm which handles credit card transactions of the customers (merchants) of an acquiring bank.
acquisition accounting
Accounting; General accounting
Procedure adopted in preparation of the consolidated financial statement of an acquiring and the acquired firm
acquisition adjustment
Accounting; General accounting
Premium paid in acquiring a firm for a price more than its book value.
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Category: General 1 11 Terms
11 Terms
