ABNORMAL EXPENSE Definition

Bookmark and Share

ABNORMAL EXPENSE see EXTRAORDINARY ITEMS.

Learn new Accounting Terms

CHAPTER 11, in the U.S., is where a company can file for protection under Chapter 11 of the bankruptcy laws. The company continues to operate under existing management while working with its creditors to reorganize the business.

CONTROL ENVIRONMENT is the attitude, awareness, and actions of the board, management, owners, and others about the importance of control. This includes integrity and ethical rules, commitment to competence, board or audit committee participation, organizational structure, assignment of authority and responsibility, and human resource policies and practices.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.