EU Member States

European Economic and Monetary Union (EMU)
The European Economic and Monetary Union (EMU) represents an umbrella term for the group of policies aimed at converging the economies of European Union (EU) member states including the adoption of a single currency, the Euro.
Missing Trader Intra-Community Fraud (Carousel Fraud)
An intricate VAT fraud in which individuals or businesses claim repayment of VAT on the export of goods to fictitious purchasers in other EU countries. Involves a complex trail of transactions across multiple member states.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.