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Correction.


The glossary A term used by Microsoft Word and adopted by other word processors for the list of shorthand, keyboard macros created by a particular user. See glossaries in this publication and The Computer Glossary.  that accompanied "The Lowdown low·down  
n. Slang
The whole truth: gave us the lowdown on what happened at the party.

lowdown low (inf) n he gave me the lowdown on it →
 on Lean Accounting Lean accounting is accounting for the lean enterprise. It seeks to move from traditional cost accounting to a system that measures and motivates good business practices in the lean enterprise. Applying lean principles to accounting can be part of this system. " (JofA, Jul. 04, page 69) incorrectly defined the term inventory turnover. The correct definition is "the ratio of cost of sales to the average value of inventory." Our apologies for the error.
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Title Annotation:FYI
Publication:Journal of Accountancy
Article Type:Correction Notice
Date:Oct 1, 2004
Words:41
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