Accrual Method Of Accounting
In the context of a financial audit, audit findings represent weaknesses or deficiencies in internal controls, or instances of noncompliance with applicable laws and regulations, that are presented in an audit report.

Adult Protective Services (APS
Adult Protective Services includes the 24-hour, 365 days a year access to assistance and/or referral with reports of physical, sexual or emotional abuse, neglect by caretaker, self-neglect, exploitation and abandonment.

Accounts Payable
Amounts that a business owes

Statement
A formal written summary of outstanding invoices.

Net Income
Gross income less expenses; it represents a business's profit for a given year.

Bad Debt
Money owed for a business debt that cannot be collected

Double-Entry Accounting
A system of accounting that records each business transaction twice.

Ledger
A physical collection of related financial information, such as revenues, expenditures, accounts receivable, and accounts payable.

Account
A collection of financial information grouped according to customer or purpose.

Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.