COST IMPLOSION Definition

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COST IMPLOSION is a cost rollup using the quantities and costs of low-level items through a where used chain to determine total cost of the finished item. See COST ROLLUP.

Learn new Accounting Terms

SCOPE PARAGRAPH, in accounting, is the paragraph in the audit report that explains the scope of the engagement.

GROUP ACCOUNTS are the financial statements of a group of companies. These are usually presented in the form of consolidated accounts.

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