FINANCIAL REPORTING CENTER (FRC)
A department or area that has seperate cost data that is collected for reports. It could be a revenue center, support center, or another source with incurring fixed expenses.
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A department or area that has seperate cost data that is collected for reports. It could be a revenue center, support center, or another source with incurring fixed expenses.
The processes used by a company to control finances. It takes many forms like recording, verification, and reporting on transactions. These transactions affect the companies revenues, assets, expenses, and liabilities.
Acquiring proof that an issuer’s name and standing is good.
A bulletin from the National Underwriter company to show coverage and types of underwriting in each category.
A rule that says a patent is given to the first to file it. The order they invented it doesn’t matter. Only the US doesn’t follow this first to file rule.
The government’s tax and spending that counters unemployment, low inflation, no inflaction and achieves stable economic growth. Depending on recession or expansion the policy changes. A surplus occurs when more taxes are
The who, what, way, whom, and what effect that is used to explain and explore an issue.
Depositing money at higher interest than savings with imposed conditions. It affects the amount, frequency,and period. AKA time deposit.
A contract that gives review and retroactive revision on price during the contract drafting. AKA fixed price contract with provision for redetermination of price. Refer to fixed price contract with economic price
An airline or shipline that registers under the laws that govern it. The country can have total or partial control of the vessel. In the maritime law it must be displayed prominetly.
Insurance cancelled on a specific date. No premiums are paid.
A standardized OPTION contract traded on an EXCHANGE that allows buyers and sellers to select key contract features such as STRIKE PRICE, EXERCISE style, and maturity date. Though not as bespoke as
Money that leaves the country and never returns. A lack of confidence in the economy, high taxes, persecution, or discrimination causes this. It can be illegal or legal money.
A mortgage on an asset that changes in quantity or value to make sure the loan is repaid. No charge is listed for the owner. If default happens the asset is frozen
The expense a company bears in issuing new securities, typically computed as the difference between the price received by the company on an issue and the amount charged to investors (the UNDERWRITING
When extra funds are sought to save a company from going under. It prevents the claiming of bankruptcy.
The printer’s solid state memory on hard drive for temporary storage of fonts.
An old unit of water pressure. It is .43 psi, 29.90 millibar, and .88in mercury.
The idea that aims for higher productivity using standardized means to makes tasks smaller and achievable. A conveyer belt or assembly line is commonly used.
Shipping bills accuracy, completeness, and compliance is attested by exporters to customs authorities by submitting this form. An exporter confirms the buyers payment is equal to the full export value stated on