Dictionary of Accounting Terms: trace
trace
to determine if a financial statement item has been handled according to proper corporate or accounting policy. For example, if the auditor wants to trace the balance in the travel expense account, he will trace account postings from the ledger to the journal they came from. The auditor will then trace from the journal transaction to the source document to assure that proper backup exists.
Dictionary of Computer and Internet Terms: trace
trace
- to execute a program step by step, observing the results of each step.
- (in a drawprogram) to create a path or outline around the contours of a bitmapped shape. It is necessary to trace bitmaps to convert them into vector graphics. Tracing can be done by a separate utility program or from within the drawing program.
