Uncollectible Accounts
Uncollectible accounts are receivables that are deemed unlikely to be recovered, often due to customer default or bankruptcy. These bad debts are written off from the books and may be estimated in advance through a provision for doubtful accounts. It ensures receivables aren’t overstated in financial reports.
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Utilization Rate
Utilization rate measures how effectively a company uses its available resources, such as labour hours or machinery capacity. It is…
Usury
Usury refers to the practice of charging excessively high interest rates on loans beyond legally permitted limits. While primarily a…
Upstream Transaction
An upstream transaction occurs when a subsidiary sells goods or services to its parent company. In consolidated financial statements, unrealised…
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