Audit Engagement

Definition of Audit Engagement Audit engagement refers to audit performed by an auditor. It is the very first stage of an audit procedure where the client is notified by the auditor that the work pertaining to audit has been accepted by him/her and also provides clarifications with regard to the scope and purpose of audit. … Continue reading Audit Engagement

Bottleneck

What is a Bottleneck? A bottleneck in production is a point where an operation meets or exceeds the capacity of the facility. In other words, the factory or department can’t produce enough units fast enough to keep the rest of the production schedule or other daily operations flowing at the same rate. Similar to how … Continue reading Bottleneck

Bookrunner

What is a Bookrunner? The term book runner or a bookrunner refers to the primary underwriter or lead coordinator in the issuance of new equity, debt, or securities instruments. The book runner is the lead underwriting firm that runs or is in charge of the books in investment banking. Book runners may also coordinate with … Continue reading Bookrunner

Bookkeeping

What is Bookkeeping? Bookkeeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business. All the financial transactions such as sales earned revenue, payment of taxes, earned … Continue reading Bookkeeping

Bookkeeper

What is a Bookkeeper? A bookkeeper is an accounting professional primarily responsible for maintaining a detailed record of purchases, sales, and other financial transactions. The kind of transactions accounted for and how they are recorded can vary significantly depending on the preferences and practices of different institutions or individuals. A bookkeeper is a person who … Continue reading Bookkeeper