Evaluation

Government Accountability Office (GAO)
The Government Accountability Office (GAO) is an independent agency that provides auditing, evaluation, and investigative services for the United States Congress.
Objective
An objective is a clearly defined and articulated goal or target, free from personal bias or opinion, and representing the ultimate aim of an individual or group's efforts and strategy.
Rating
The process of systematically assigning ranks or evaluations to goods and services based on set criteria, encompassing various domains such as credit, investment, and insurance.
Test
An examination or evaluation used to measure a particular achievement, performance, or understanding.
Value
Value represents the worth of all the rights arising from ownership, commonly referring to the quantity of one thing that will be exchanged for another.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.