Business Glossary
Clear, concise definitions of key business terms in payroll, finance, HR, compliance, and outsourcing. Your reference guide from MYND's domain experts.
Showing 32 terms starting with "C"
Clear filterCAM Reconciliation
Understanding CAM Reconciliation: A Core Definition CAM Reconciliation (Common Area Maintenance Reconciliation) is an essential financial and administrative process within commercial real estate,...
View definitionCarve-out Services
Carve-out Services Carve-out services refer to the specialized, often external, provision of specific business functions or processes that are separated (carved out) from a company’s core operations...
View definitionCash Accounting
Cash Accounting Cash accounting is a method of bookkeeping where income and expenses are recognized and recorded when cash is actually received or disbursed.
View definitionCash Flow Statement
Cash Flow Statement A Cash Flow Statement , also known as a statement of cash flows, is one of the three core financial statements of a business, alongside the balance sheet and the income statement.
View definitionCash Management
Cash Management Cash management refers to the comprehensive process of managing a company’s cash and cash equivalents to ensure it has sufficient liquidity to meet its short-term obligations,...
View definitionCasual Leave (CL)
Casual Leave (CL) Casual Leave (CL) is a type of paid leave granted to employees for short, unforeseen, or urgent personal reasons that cannot be planned in advance.
View definitionCGST (Central Goods and Services Tax)
CGST (Central Goods and Services Tax) Central Goods and Services Tax (CGST) is a direct tax levied by the Central Government of India on the intra-state supply of goods and services.
View definitionChart of Accounts (COA)
Chart of Accounts (COA): The Backbone of Financial Reporting The Chart of Accounts (COA) is a systematic listing of all the accounts used by an organization to record its financial transactions.
View definitionCIN (Corporate Identity Number)
Understanding the Corporate Identity Number (CIN) The Corporate Identity Number (CIN) is a unique, 21-character alphanumeric code assigned by the Registrar of Companies (RoC) in India to every...
View definitionCloud Accounting
Cloud Accounting Cloud accounting refers to the practice of using accounting software and services that are hosted on remote servers and accessed over the internet, rather than installed locally on a...
View definitionCode of Conduct
Code of Conduct A Code of Conduct (also known as a code of ethics or code of practice) is a set of principles, rules, and values that guides the behavior and decision-making of individuals within an...
View definitionCode on Social Security, 2020
What is the Code on Social Security, 2020?
View definitionCode on Wages, 2019
Understanding the Code on Wages, 2019: A Core Definition The Code on Wages, 2019 (often abbreviated as CoW 2019) is a landmark piece of labor legislation in India, designed to consolidate and amend...
View definitionCollections Management
Collections Management Collections management refers to the systematic process of acquiring, cataloging, preserving, securing, and making accessible the items within a collection.
View definitionCollective Bargaining
Collective Bargaining Definition and Core Concept Collective Bargaining is the systematic process of negotiation between an employer (or group of employers) and a group of employees—typically...
View definitionCommission Structure
Commission Structure A commission structure is a compensation plan where employees, typically in sales or service roles, earn a portion of their income based on their performance, usually tied to the...
View definitionCompensation and Benefits (C&B)
Compensation and Benefits (C&B) Compensation and Benefits (C&B) , often referred to as Total Rewards, encompasses all forms of monetary payments and non-monetary rewards provided to employees in...
View definitionCompensation Benchmarking
Compensation Benchmarking Compensation benchmarking is a process used by organizations to compare their employee pay and benefits packages against those offered by other companies in a similar...
View definitionCompetency Mapping
Competency Mapping Overview and Definition Competency Mapping is a strategic Human Resources (HR) process that involves identifying, defining, and analyzing the specific key skills, knowledge,...
View definitionConcurrent Audit
What Exactly is a Concurrent Audit?
View definitionConfirmation Letter
Overview of Employment Confirmation An Employment Confirmation Letter (often referred to simply as a Confirmation Letter) is a formal document issued by an employer to an employee, officially...
View definitionConsolidated Financial Statements
Consolidated Financial Statements: A Unified View of Business Operations Consolidated financial statements represent a cornerstone of modern accounting and financial reporting .
View definitionContract Labour (Regulation and Abolition) Act, 1970
Contract Workforce Regulations Contract Workforce Regulations, mainly guided by the Contract Labour (Regulation and Abolition) Act, 1970 (CLRA) , set the basic legal standards for workers hired...
View definitionConveyance Allowance
Conveyance Allowance: Understanding and Managing Employee Transportation Costs A Conveyance Allowance is a financial benefit provided by an employer to an employee to compensate for expenses incurred...
View definitionCorporate Governance
What is Corporate Governance?
View definitionCost Accounting
Cost Accounting Cost accounting is a branch of accounting that tracks, records, summarizes, and analyzes the costs associated with the production of goods or services.
View definitionCredit Control
Credit Control Credit control refers to the systematic management and monitoring of a company’s credit transactions, encompassing the policies, procedures, and strategies employed to extend credit to...
View definitionCredit Management
Credit Management: Safeguarding Financial Health Credit management refers to the systematic process by which an organization manages its credit exposure.
View definitionCriminal Background Check
Criminal Background Check A **criminal background check** is a process undertaken by employers, landlords, or other organizations to investigate an individual’s criminal history.
View definitionCritical Illness Cover
Understanding Critical Illness Cover in the Workplace Critical Illness Cover (CIC) , frequently referred to in corporate human resources as Critical Illness Insurance, is an employee benefit and insur...
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