ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MAJORITY INTEREST Definition
MAJORITY INTEREST is an ownership interest greater than fifty percent (50%) of the voting interest in a business enterprise.
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OBLITERATE is to do away with something so as to leave no trace.
COMPILATION is the presentation of financial statement information by the entity without the accountant's assurance as to conformity with Generally Accepted Accounting Principles (GAAP). In performing this accounting service, the accountant must conform to the AICPA Statements on Standards for Accounting and Review Services (SSARS).