Business Terms and Jargon Explained

What is Profit and Loss Responsibility

P & L responsibility is the accountability of a department, section or company in terms of it making a profit or loss in its own right. When authority is given, then that person is responsible for its performance and how it will affect the rest of the business and is answerable for the results.

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Consolidated supervision Rulebase CRC32
Risk NIDAC Business cards
Case Grey market Beneficial loan
Paanga Earned value Analysis Trade Creditors
Capital Adequacy Act of God TAR
KYC Accountancy Apportionment
Secondary Home Per minas Unearned income
Internet and email usage policy FTP Residual Input Tax
KPI Keiretsu Enterprise
Bonded Goods Ultra vires Downtime
Supply VAT Corporate Culture Business Objects
Non-Monetary Adjournment N379 Civil Court form
Keystroke logger Overseas company Supply Of Goods

Term created / updated 2007-05-29 00:06:06

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