ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REALIZATION PRINCIPLE Definition
REALIZATION PRINCIPLE is that revenue should be recognized at the time goods is sold and services are rendered.
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LIEN is the right to take anothers property if an obligation is not discharged.
BUSINESS PROCESS REENGINEERING (BPR) is the analysis and radical redesign of business processes using objective, quantitative methods and tools and management systems to accomplish change or performance improvement. Also called: Re-Engineering, Reengineering, Process Reengineering, Process Quality Management, BPR, Process Innovation, Process Improvement, and Business Process Engineering.