X-Efficiency
X-efficiency refers to a firm’s ability to use its resources effectively under conditions of competition. Though originally an economic concept, it’s relevant in managerial accounting and performance audits. It highlights the gap between optimal output and real-world inefficiencies caused by mismanagement, slack, or internal control weaknesses.
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Xerta
Xerta refers to Xerta Payment Solutions, a platform facilitating digital transactions, particularly cross-border and business-to-business payments. In accounting, Xerta’s systems…
Xenocurrency
Xenocurrency is any currency traded outside its home country’s borders. For example, US dollars held in European banks are xenocurrencies.…
XRT
XRT, short for Extended Retail Transaction, refers to detailed records of point-of-sale (POS) activity in accounting and finance. It captures…
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