ACCOUNTING POLICIES
The rules that help manage an organization’s financial statements. They are disclosed in annual financial statements. Refer to summary of segnificant accounting policies.
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The rules that help manage an organization’s financial statements. They are disclosed in annual financial statements. Refer to summary of segnificant accounting policies.
The UK organization responsible for making the standards of accounting. The international accounting standards are published.
Taking unpaid debt and making it collateral on a shortterm loan. This can be done on a continious basis or just once. The loan is secured. If default occurs the lender collects
Accounting based on the accrual principle. Revenue is recorded when earned as is with expenses.
Taxes incurred on income to be paid at the end of an accounting period.
An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.
The advantage gained by gaining knowledge instead of depleting natural resources.
A code that identifis a book in a library. Refer to accession number.
An act exercising power or a country that cannot be overturned by the courts.
New York Stock Exchange members who make many transactions.
A microsoft software like java. Object linking code and web page data are used. It bridges the gap between programming languages. It is insecure. Refer to javabeans.
The number of times demand is needed for an object. This is the cost.
The amount of CREDIT RISK exposure in a DERIVATIVE or financial transaction, typically reflected as a MARKTOMARKET valuation. If DEFAULT occurs when actual exposure is positive to the nondefaulting party, a credit
The age an individual insured should live to based on calcuations. It helps with insurance pricing, forecasting, adn planning policy.
The page views on an ad that a firm has sold to an advertiser. AKA the sell through rate.
A custom approach to selling. It is based on the customer, sales situation, and is adjusted according to feedback. It is the exact opposite of formula selling.
A concept that states that any fluctuation in demand of a good will also change the amount of wear and tear on the machinery required to make the good. This concept is
This clause does not pay a beneficiary immediately but adds additional paperwork through the bank that takes more time.
A fee charged by a utility company to disconnect and reconnect a resident.
Additional services provided beyond the basic needs.
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