ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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DEBT CONSOLIDATION Definition

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DEBT CONSOLIDATION is initiating one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

 

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AOP is either Adjusted Operating Profit or Annual Operations Plan.

AUDIT FAILURE is an instance where the auditor said that the financial statements were fairly stated when in fact, they were not.


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