NOT-FOR-PROFIT ORGANIZATION Definition

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NOT-FOR-PROFIT ORGANIZATION see NONPROFIT ORGANIZATION.

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RETURN ON CAPITAL EMPLOYED (ROCE) is a measure of how effectively the company is using its capital. The formula to measures the return on all the assets the company is using: Profit before interest and tax (PBIT) / (total assets - current liabilities)

FLOWCHART, in accounting, is a schematic representation of a sequence of operations in an accounting system or computer program. Also called a flow diagram or flow sheet.

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