Kiting
Kiting refers to the fraudulent practice of inflating bank balances by exploiting timing differences between cheque deposits and withdrawals. It temporarily overstates available funds and is considered a serious accounting and auditing red flag. Detecting kiting requires careful bank reconciliation and cash-flow analysis.
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Knock-In Option (Accounting Treatment)
A knock-in option is a derivative contract that becomes active only if the underlying asset reaches a specified price level.…
Kernel of Earings
Kernel of earnings refers to a company’s core, sustainable profit generated from regular business operations. It excludes one-time gains or…
Key Control Account
A key control account is a summary ledger account that consolidates balances from subsidiary ledgers, such as accounts receivable or…
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