ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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COST-OF-LIVING LEASE Definition
COST-OF-LIVING LEASE is a lease where yearly increases are tied to the cost of living index.
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OVERSTATED is when something is represented as greater than is true or reasonable.
FISCAL YEAR is the declared accounting year for a company, but it is not necessarily in conformance to a calendar year (January through December). However, it does cover twelve months, 52 weeks, 365 days. For example, the U.S. government fiscal year ends September 30, i.e. October 1 through September 30 is their fiscal or accounting year.
