LOSS Definition

Bookmark and Share

LOSS, in finance, is when expenses exceed sales or revenues, i.e. goods or services are sold for less than their cost.

Learn new Accounting Terms

FORENSIC ACCOUNTING provides for an accounting analysis that is suitable to a court of law which will form the basis for discussion, debate and ultimately dispute resolution. Forensic accounting encompasses investigative accounting and litigation support. Forensic accountants utilize accounting, auditing and investigative skills when conducting an investigation. Equally critical is the ability to respond immediately and to communicate financial information clearly and concisely in a courtroom setting.

CUSIP is Committee on Uniform Securities Identification Procedures. A standard nine-character alphanumeric system used to identify security issues.

Suggest a Term

Enter Search Term

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