deficiency

(noun)

Inadequacy or incompleteness.

Related Terms

Examples of deficiency in the following topics:

  • Efficiency Metrics

    • A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.

  • Working Capital Management Analysis

    • If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit.

  • Inventory Turnover Ratio

    • A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.

  • Standard-Setting Groups: SEC, AICPA, and FASB

    • Consider promptly any significant areas of deficiency in financial reporting that might be improved through standard setting.