account-analysis

Vocabulary Word

Definition

Think of 'account analysis' as a detailed report of an account. It dissect parts of the account, such as transactions, activities, or trends, much like a detective solving a case by looking at all the evidence.

Examples in Different Contexts

In accounting practices, 'account analysis' is a method to verify accuracy of account balances. An auditor might note, 'Our account analysis revealed discrepancies that need to be investigated.'

Practice Scenarios

Marketing

Scenario:

Our last marketing campaign didn't hit the projected sales. Perhaps the chosen format was not appealing enough to our audience.

Response:

We need a thorough account analysis to evaluate the success of the different formats and platforms used in the campaign.

Banking

Scenario:

Certain accounts show significant overseas transactions. We need to review these for any potential compliance issues.

Response:

Agreed. An account analysis should help us understand the pattern better and allow us to take any necessary preventative measures.