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W-2 FORM

statement used for income tax purposes. Called Wage and Tax Statement, it is sent to an employee...

W-4 FORM

form known as the Employee's Withholding Allowance Certificate. It is filled out by a new...

WALK

theory that stock prices behave in an unpredictable fashion because the stock market is...

WALK-THROUGH TEST

audit procedure used in evaluating the reliability of the client's accounting system. The...

WAREHOUSE RECEIPT

document listing goods or commodities (e.g., gold) stored in a warehouse that shows retention of...

WARRANT

 

1.  STOCK WARRANT.


2. guarantee of the occurrence of something...

WARRANTY

 

WASH SALE

1. transaction or sale that is nullified by its reversal or offset within a short time of its...

WASTE

term used for shrinkage, evaporation, and so on. The cost of waste from these causes usually is...

WASTING ASSET

1. FIXED ASSET with limited life and subject to DEPRECIATION. It therefore excludes land.

...
WATERED STOCK

capital stock issued in exchange for assets with a fair market value less than its par or stated...

WEB PAGE

online advertisement or information on the WORLD WIDE WEB encouraging business or getting...

WEIGHT

relative importance given to an individual item included in forecasting, such as alpha in...

WEIGHTED AVERAGE

average of observations having different degrees of importance or frequency.

WEIGHTED AVERAGE CONTRIBUTION MARGIN

one in which weights are relative to sales mix. For example, assume that Company Z has two...

WEIGHTED AVERAGE COST OF CAPITAL

weights the percentage cost of each component by the percentage of that component in the...

WEIGHTED AVERAGE COSTING

procedure for computing the unit cost of a process. Beginning work-in-process inventory costs...

WEIGHTED AVERAGE INVENTORY METHOD

method in calculation in which the weighted average cost per unit for the period is the cost of...

WEIGHTED COST DRIVER

technique of increasing or decreasing the cost consumption intensity of an individual cost...

WESTLAW

on-line data base of West Publishing containing legal cases and other legal information for...

WHOLE-LIFE COST

concept closely associated with LIFE-CYCLE COST. Whole-life costs equal life-cycle costs plus...

WIDE AREA NETWORK (WAN)

network comprising a large geographic area.

WILLIE SUTTON RULE

reminder to focus on the high-cost activities. The rule is named after bank robber Willie Sutton...

WINDFALL PROFITS

earnings of an unexpected nature and generally not due to the efforts and expenditures of the...

WINDOW

portion of a computer display screen. Some programs allow the user to divide the screen into two...

WINDOW DRESSING

making a company look better financially than it really is. Assume just before the end of the...

WITHHOLDING TAX

deductions by an employer from employee salaries for the payment of federal and state income...

WORD

popular word processing software by Microsoft.

WORD PROCESSING

method that involves the use of computerized equipment to automatically produce written letters...

WORDPERFECT

popular word processing program developed by WordPerfect Corporation of Orem, Utah and now...

WORK CELL

physical or logical grouping of resources that performs a defined job or task. The work cell may...

Work in Process Inventory

Goods in the process of being manufactured.

WORK MEASUREMENT

determination of the length of time it should take to complete a job. Job times are vital inputs...

WORK PAPERS

documents prepared or obtained by the auditor in performing an examination of a client's...

WORK SHEET

document or schedule in which an accountant or auditor gathers information to substantiate an...

WORK TICKET

form used to charge jobs for direct labor used. This work ticket, sometimes called time ticket...

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