ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONSUMER PRICE INDEX Definition
CONSUMER PRICE INDEX (CPI) is the measure of change in consumer prices as determined by a monthly survey by the U.S. Bureau of Labor Statistics. Among the CPI components are the costs of food, housing, transportation, and electricity (i.e., the average cost of a "basket" of goods and services). Also known as the cost-of-living index.
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DETECTIVE CONTROL is a control designed to discover an unintended event or result.
ACCOUNTING EVENT is when the assets and liabilities of a business increase/decrease or when there are changes in owners equity.