Turnover

Du Pont Formula
A comprehensive financial analysis method used to break down return on investment (ROI) into component parts: margin and turnover. This formula helps identify key drivers of a company's profitability.
Gross Equity Method
The gross equity method is a way of accounting for associated undertakings whereby the investor displays its proportionate share of the investee's aggregate gross assets and liabilities on the balance sheet. Additionally, the related share of turnover is noted in the profit and loss account.
Medium-Sized Company
A medium-sized company must meet specific criteria to qualify for certain filing exemptions, making the preparation of financial statements crucial. Companies that are public, banking, or insurance firms, or fall under certain categories cannot claim these exemptions.
Medium-Sized Group
A medium-sized group is a defined financial categorization of companies that meet specific criteria regarding net worth, turnover, and number of employees. This term is used for regulatory and reporting purposes.
Merchandise Control
Merchandise Control involves the systematic process of collecting and evaluating data on all aspects of each retail merchandise category, including sales, costs, shrinkage, profits, and turnover. This process helps retailers maintain accurate inventory and optimize their merchandising strategies.
Micro-Entity
A micro-entity is a very small company that meets specific criteria for turnover, net worth, and number of employees, allowing it to present simplified annual accounts under certain regulatory frameworks.
Small Company
Under UK company law, a small company is a private company satisfying certain criteria related to net worth, turnover, and the number of employees.
Small Group
A small group is a classification under the Companies Act where specific size criteria meet and allow exemptions for certain financial reporting requirements.
Statutory Audit
A statutory audit is an examination of a company’s financial statements and records, as mandated by regulatory bodies to ensure fairness and accuracy.
Turnover
Turnover, also known as sales revenue, represents the total income generated by an organization from selling goods and services, excluding discounts and taxes, within a specified period.
Value-Added Statement
A financial statement displaying the wealth created by a company through the collective efforts of capital, employees, and others, along with its allocation over an accounting period.

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