AICPA Definition

Bookmark and Share

AICPA is the American Institute [of] Certified Public Accountants.

Learn new Accounting Terms

ASSET VALUATION is the process of determining the current worth of a portfolio, company, investment, or balance sheet item. The term is often used to describe the worth of an asset which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the balance sheet, company takeovers, share flotation or mortgages.

INVENTORY SHRINK, as used in retail, is reduction in physical inventory caused primarily by shoplifting and employee theft.

Suggest a Term

Enter Search Term

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