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Technical terms

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Chattel

An item of property other than freehold land, including tangible goods.

Fri, 22 Mar, 2019 at 8:13 PM
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Clearing House Automated Payment System (CHAPS)

An electronic bank-to-bank payment technology that enables same-day payments to be made within the UK, as long as the instruction is received before 4.25pm ...

Fri, 22 Mar, 2019 at 8:13 PM
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Compensating errors

Error in recording or calculating  information that is balanced by an equal and opposite error. Sometimes they are deliberately introduced in a computation ...

Fri, 22 Mar, 2019 at 8:13 PM
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Computational

Relates to calculations.

Fri, 22 Mar, 2019 at 8:13 PM
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Contribution theory

An approach to assessing the performance of policies and programmes towards an outcome or outcomes.

Fri, 22 Mar, 2019 at 8:13 PM
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Control accounts

An account used to record the balances on multiple subsidiary accounts and to provide a cross check on them.

Fri, 22 Mar, 2019 at 8:13 PM
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Control objectives

Procedures to ensure operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.

Fri, 22 Mar, 2019 at 8:13 PM
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Control reports

Control reports are the procedures put in place to prevent, or catch errors.

Fri, 22 Mar, 2019 at 8:13 PM
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Cost accounting

Recording costs to advise management how to improve efficiency.

Fri, 22 Mar, 2019 at 8:13 PM
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Cost behaviour

Associated with how costs change depending on the level of activity of a business. There can be variable costs, those affected by levels of activity, and fi...

Fri, 22 Mar, 2019 at 8:13 PM