The
Definition Of

Forensic accounting

Forensic accounting is an area of accounting that uses accounting, auditing, and investigative skills to conduct investigations into theft and fraud.

Share it:

More from this Section

  • Trademark /Trade names
    A trademark or trade name is a word, phrase, jingle, or symbol that identifies a particular enterprise or product.
  • Unit production costs
    Unit production costs are costs expressed in terms of equivalent units of production. When equivalent units of production are different for materials and conversion costs...
  • Plant Asset Disposal
    The accounting for disposal of a plant asset through retirement or sale as follows: (a) Eliminate the book value of the plant asset at the date of disposal.
  • Closing entries
    Closing entries referred as entries that made at the end of an accounting period to transfer the balances of temporary accounts to a permanent owner’s equity account...
  • Compensating balances
    Compensating balances refer to the minimum cash balances required by a bank in support of bank loan. They are a restriction on the use of cash...
  • Bond indenture
    The terms of the bond issue are set forth in a legal document called a bond indenture. The indenture shows the terms and summarizes the rights...
  • Petty cash fund
    Petty cash fund is a cash fund that is used to pay relatively small amounts such as the payments for postage due, working lunches, or taxi fares.