AR Definition

Bookmark and Share

AR is Accounts Receivable.

Learn new Accounting Terms

RISK is the measurable possibility of losing or not gaining value. Risk is different from uncertainty. Uncertainty is not measurable.

ENGAGEMENT LETTER is a letter that represents the understanding about the engagement between the client and the CPA. The letter identifies the financial statements and describes the nature of procedures to be performed. It includes the objectives of the procedures, an explanation that the financial information is the responsibility of the company's management, and a description of the form of report.

Suggest a Term

Enter Search Term

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