Financial Terms Dictionary – Page 38 – itho's internet resources

What Is Batch Processing? How It Works, Examples, and History

By Itho November 16, 2010

[ad_1] What Is Batch Processing? Batch processing is the processing of transactions in a group or batch. No user interaction is required once batch processing is underway. This differentiates batch processing…

Bank Stress Test: Definition, Process, Benefits, and Criticisms

By Itho November 16, 2010

[ad_1] What Is a Bank Stress Test? A bank stress test evaluates how a bank could handle extreme economic conditions, such as a severe recession or market crash. These…

Backflush Costing: Definition and How System Works for Inventory

By Itho November 16, 2010

[ad_1] What Is Backflush Costing? Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory system. In short, it is an accounting method that records the…

Drawing Account: What It Is and How It Works

By Itho November 15, 2010

[ad_1] What Is a Drawing Account? A drawing account is an accounting record maintained to track money and other assets withdrawn from a business by its owners. A drawing…

Audit Committee: Definition, How They’re Used, and Purpose

By Itho November 15, 2010

[ad_1] Audit Committee [ad_2] Source link

Electronic Fund Transfer Act (EFTA): Definition and Requirements

By Itho November 15, 2010

[ad_1] What Is the Electronic Fund Transfer Act (EFTA)? The Electronic Fund Transfer Act (EFTA) is a federal law that protects consumers when they transfer funds electronically, including through the…