Glossary
5300 Call Report a regulatory financial and statistical report
Amortization the systematic expensing of the cost, less any residual value, of an intangible asset over its estimated useful life
Audit committee a subcommittee of an organization's board of directors that is charged with overseeing the financial reporting process
Backlog a term in the construction industry for the value of the projects that a contractor expects to be completed in the near future
Cash larceny the theft of an organization's cash after it has been recorded in the accounting system
Collateralized debt a loan that is secured by a specific asset; if the borrower defaults, the lender takes possession of that asset as payment
Concealed liabilities and expenses a type of financial statement fraud scheme in which the perpetrator(s) intentionally understates or omits liabilities and/or expenses from the organization's financial statements
Corruption fraud schemes in which an employee uses his influence in a business transaction in a way that violates his duty to his employer for the purpose of obtaining a benefit for himself or someone else; examples include bribery, extortion and conflicts of interest
Criminal conspiracy an agreement between two or more people to commit an illegal act
Davis Bacon rates wages set by the federal government and based on job title and geographic area to ensure that employees on government contracts are paid fairly
Debt rating a measure of the credit worthiness of a corporation's ...
