ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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TRANSACTION Definition
TRANSACTION is an event or happening that changes financial position and/or earnings.
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CORE PROCESS is a process with a set of related and interdependent activities that transform an input to a system to an output with added value to a customer. It is the transformation of people, money, materials or information that is the value-added work of the organization. The CORE PROCESSES are those processes by which the organization creates its most value-added and essential transformations for the customers.
WIDGET is a device that is very useful for a particular job. Often used within a name of a fictitious company.
