Terms starting with
Knockdown Cost
Knockdown cost refers to the total landed cost of goods received in an unassembled form, including purchase price, freight, insurance, and duties. Itβs often used…
READ MOREKickoff Balance
A kickoff balance is the initial balance used when setting up a new accounting system or beginning a new financial year. It includes the closing…
READ MOREKnowledge Process Outsourcing (KPO)
KPO involves outsourcing high-end analytical or financial services such as valuation, financial modeling, and risk management. In accounting, KPO providers deliver expert-level insight that supports…
READ MOREKnown Liability
A known liability is an obligation that is certain in amount and due date, such as wages payable, accounts payable, or taxes owed. These liabilities…
READ MOREKnock-for-Knock Agreement
A knock-for-knock agreement is a contractual arrangement where each party bears its own losses, regardless of fault. In accounting, this simplifies claims and settlements, especially…
READ MOREKeyman Insurance
Keyman insurance is a policy taken by a business to protect against the financial loss that may occur due to the death or disability of…
READ MOREKiting
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…
READ MOREKey Performance Indicator (KPI)
A KPI is a measurable value used to evaluate how effectively a company is achieving its financial or operational goals. In accounting, KPIs may include…
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