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Titlesort icon Teaser
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...

WORK-IN-PROCESS (WIP)

partially completed inventory units at the end of the accounting period; for example, a table...

WORKERS' COMPENSATION

program providing payments, without regard to a finding of negligence of either party, to...

WORKFLOW

sequence of actions accomplishing a business goal. A toolset to proactively analyze, compress,...

Working Capital

The dollar difference between total current assets and total current liabilities....

WORKING CAPITAL

current assets less current liabilities, properly called net working capital. Working capital is...

WORKING CAPITAL TURNOVER

sales divided by average working capital. It reflects the entity's effectiveness in using...

WORLD WIDE WEB (WWW)

Internet system for worldwide hyper-text linking of multimedia documents, making the...

WRITE-DOWN

reduction of part of the balance of an asset by charging an expense or loss account. The reason...

WRITE-OFF

1. transfer of the entire balance of an asset account into an expense or loss account. A full...

WRITE-UP increase

in the BOOK VALUE of an asset not due to a cash payment or other asset, issuance of a liability...

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