Business

Enterprise risk management (ERM) is the process of arranging, organizing, leading, and controlling those things of an organization can minimize the outcomes of risk on…

Managerial Risk Accounting is concerned with the creation, dissemination and use of risk related information technology information to operators within organizations to be able to…

There are two main thrusts intended for Lean Accounting. First is the application of lean techniques to the company’s data processing, control, and description processes.…

General Ledger is a company’s main accounting records. A general ledger is usually a complete record associated with financial transactions above the life of a…

Job costing is an order-specific costing strategy, used in scenarios where each job differs and is performed to the customer’s specifications. Job costing involves keeping…

Document automation is the design of techniques and workflows that assist in the creation of electronic documents. Like for example , logic-based systems of which…

Invoice is a nonnegotiable commercial instrument issued by seller to a buyer. It identifies both trading parties as well as lists, describes, and quantifies the…

Days Sales Outstanding is a way of measuring the average variety of days that a company takes to collect revenue after a sale has also…

The cash conversion cycle (CCC) is a metric that expresses the amount of time, in days, which it takes for a business to convert learning…

Economic order quantity applies only if demand for something is constant in the year and each and every new order is delivered entirely when inventory…

A finance lease or capital lease is a variety of lease. It is a commercial arrangement in which: the lessee (customer or borrower) will pick…

Operating Lease is a contract that allows for using an asset, but doesn’t convey rights of ownership from the asset. An operating lease isn’t capitalized;…