Access to Information Program (ATIP)
CANADIAN Mandated by the Access to Information Act and the Privacy Act, this program gives any person in Canada the right to access information held in government records, subject to certain exceptions and limitations.
Accessorial Transportation Charges
The costs that a carrier may charge in addition to the actual freight transportation charge such as inside delivery, interim storage, and redelivery charges. (ISM Glossary, 2000)
A list or enumeration of monetary transactions between parties to a contract showing purchases, payments, and credits for goods or services.
The principle that employees who accept an assignment and the authority to carry it out are answerable to a superior or a higher authority for the outcome. (Business, 2002)
The concept that a person is obliged to give a reckoning or explanation for one’s actions; responsible. Also see Accountability.
CANADIAN The advance of funds provided for a specific purpose and chargeable to a specific appropriation.
CANADIAN Any item of equipment separately accounted for upon acquisition, removal, transfer, sale, demolition, abandonment, or write-off.
1. Financial obligations that arise as a result of making credit purchases. 2. An accounting function that is responsible for making payment to contractors according to the contract terms and conditions. 3. Liability accounts that indicate the charges owed on open accounts.
Payments that are due to an entity per the contract terms and conditions.
Acid Test Ratio
A financial ratio calculated by subtracting the value of inventory from the current asset amount and dividing by current liabilities. (Schiller, 2000)