operating cycle definition

operating cycle

One complete process that any input-output system undergoes, and in which the initial and final states are identical.

Average time taken by a firm in converting merchandise or raw material back into cash.

operating cycle is in the Accounting & Auditing and Systems & Methodologies subjects.

operating cycle appears in the definitions of the following terms: new, number of days of inventory on hand, time period concept and non-current asset

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