TURNAROUND Definition

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TURNAROUND is the reversal of unfavorable circumstances of a business where an investment opportunity may exist. A firm may work with such a business to restructure the management and finances in order to take the greatest advantage of more favorable circumstances. There are organizations like the Turnaround Management Association that specialize in turning around failing companies.

Learn new Accounting Terms

GI, among others, is an acronym for: Government Issue, General Increase, General Information, or General Issue.

PLUG NUMBER see COST OF GOODS SOLD.

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