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JBO
is Joint Back Office (stock trading).
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JCO
is Justification for Continued Operation.
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JIT
see JUST IN TIME.
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JOB COSTING
, generally, it is the allocation
of all time, material and expenses to an individual project or job; specifically,
JOB COSTING is normally software based and provides for budgeting, forecasting,
collecting and reporting on the expenditure and revenue associated with
specific projects or jobs.
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JOINT ACCOUNT
is a financial account
owned by two or more persons who share equally in the rights and liabilities
of the account.
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JOINT COSTS
are costs incurred to
produce a certain amount of two or more products where the cost of producing
one
product cannot be logically isolated and cost allocation is arbitrary.
Simplified, they are
the costs of a single production process that yields multiple products
simultaneously.
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JOINT PAYEE ENDORSEMENT
, normally,
when a bank draft is made out to two parties both parties are required
to endorse the back of the bank draft before it will be honored by the
bank.
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JOINT PRODUCT
is a single production
process that yields multiple products simultaneously.
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JOINT STOCK COMPANY
is a company that
has some features of a corporation and some features of a partnership.
This type of company has access to the liquidity and financial reserves
of stock markets as a corporation, however, as in a partnership; the stockholders
are liable for company debts and have additional restrictions of a partnership.
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JOINT VENTURE
is a venture by a partnership
or conglomerate designed to share risk or expertise. See also VENTURE.
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JOINT VENTURES & INVESTMENTS
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JOURNAL
, in accounting transactions,
is where transactions are recorded as they occur.
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JOURNAL ENTRY
is the beginning of the
accounting cycle. Journal entries are the logging of business transactions
and their monetary value into the t-accounts of the accounting journal
as either debits or credits. Journal entries are usually backed up with
a piece of paper; a receipt, a bill, an invoice, or some other direct
record of the transaction; making them easy to record and to maintain
traceability for each transaction.
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JUNK BOND
is a bond with a speculative
credit rating of BB or lower. Such bonds offer investors higher yields
than bonds of financially sound companies. Two agencies, Standard &
Poor's and Moody's Investor Services, provide the rating systems for companies'
credit.
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JV
is Journal Voucher or Joint Venture.
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