PAYABLES TURNOVER Definition

Bookmark and Share

PAYABLES TURNOVER is calculated: Payables Turnover = Purchases / Payables.

Learn new Accounting Terms

MONITORING is the evaluation of the firm’s system of quality control to provide reasonable assurance that it is designed appropriately and operating effectively.

COST DRIVER is any activity or series of activities that takes place within an organization and causes costs to be incurred. Cost drivers are used in a system of activity-based costing to charge costs to products or services. Cost drivers are applied to cost pools, which relate to common activities. Cost drivers are not restricted to departments or sections, as more than one activity may be identified within a department.

Suggest a Term

Enter Search Term

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