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A variety of checks against abuse are usually present to prevent embezzlement by accounts payable personnel. Separation of duties is a common control. In countries where cheques payment are common nearly all companies have a junior employee process and print a cheque and a senior employee review and sign the cheque.
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
COB, meaning Close Of Business (end of work day). Implying that something should happen by the end of the typical work shift. COP or EOP, meaning Close Of Play / End Of Play. British sporting term referring to an overnight, intra-game, break during a cricket match which is scheduled to take place
Ap (water), a Vedic Sanskrit term; ap, a classical abbreviation for ad pedes or aedilitia potestate; AP, a classification symbol for an auxiliary of the United States Navy; AP and variants, several medical abbreviations; A&P mechanic, an aircraft maintenance technician with airframe and powerplant ratings
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
Procure-to-pay (also known as Purchase to Pay (P2P)) is a term used in the software industry to designate a specific subdivision of the procurement process.. The P2P systems enable the integration of the purchasing department with the accounts payable (AP) department.
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This is a list of abbreviations used in law and legal documents. It is common practice in legal documents to cite other publications by using standard abbreviations for the title of each source.