CORPORATION Definition

Bookmark and Share

CORPORATION is a type of business organization chartered by a state and given many of the legal rights as a separate entity.

Learn new Accounting Terms

ORDER INTAKE is all orders which were legally concluded during the respective accounting period under review and have also come into effect.

WORKING CAPITAL TURNOVER (WCT) shows how efficiently Working Capital (WC) is employed, i.e., it measures how efficiently the business is using its available assets. WCT measures the amount of Net Revenue generated per monetary unit of Working Capital. It varies widely by industry; therefore it is best to compare WCT to industry averages. Formula: Net Revenue / (Current Assets - Current Liabilities).

Suggest a Term

Enter Search Term

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