Understanding the various types of accounting changes, including changes in accounting principles, estimates, and reporting entities, along with their implications and disclosures.
Detailed explanation of the accounting cycle, encompassing all steps from initial entries to the closing entries, covering processes involved in financial recording and reporting.
A detailed examination of accounting errors, their types, causes, and implications in the context of financial reporting and compliance with GAAP. Emphasis on differences from fraud and the importance of accurate accounting.
An in-depth exploration of accounting methods used by businesses for financial records and tax purposes, including overall methods and item-specific accounting treatments.
Detailed examination of accounting procedures, which are standardized methods a company utilizes to manage its routine accounting tasks. These procedures are often documented in a manual for training purposes.
The Accounting Rate of Return (ARR) method is used for estimating the rate of return from an investment utilizing a straightforward, non-discounted approach.
Accounting records are essential documents that provide information on financial transactions and the economic status of an organization.
Accounting software are programs used to maintain books of account on computers, record transactions, maintain account balances, and prepare financial statements and reports.
A comprehensive overview of the Accounts Payable Ledger, detailing its significance, structure, and the role it plays in financial management.
Accounts Receivable (AR) is a financial term referring to the amount of money owed to a creditor by customers for goods or services provided on credit. This entry explores the concept, its importance, examples, related terms, and more.
Accounts Receivable Financing is a short-term financing method where businesses use their accounts receivable as collateral to obtain working-capital advances. This financial tool aids in liquidity management and is crucial for maintaining operational cash flow.
An in-depth look into the Accounts Receivable Ledger, detailing its importance, structure, and relationship with the General Ledger in accounting practices.
Accounts Receivable Turnover is a financial ratio that measures the efficiency with which a company collects its credit sales from customers.
Accredited in Business Valuation (ABV) is a designation awarded by the American Institute of Certified Public Accountants (AICPA) to Certified Public Accountants (CPAs) who have met specific education, examination, and experience requirements. The resulting designation is CPA/ABV.
An accredited investor is an individual or entity that meets specific financial criteria established by the SEC under Rule 501 of Regulation D, allowing them to invest in private limited partnerships without being counted towards the 35-person limit.
Comprehensive coverage on accretion, encompassing asset growth through internal or external means, and bond price adjustments from discount to par.
A detailed understanding of the accrual basis (accrual method) accounting, including its principles, applications, advantages, disadvantages, and a comparison with the cash basis accounting method.
Accrue refers to accounting to recognize income, expenses, or liabilities when they occur rather than when cash changes hands.
Detailed insight into accrued depreciation, its significance in accounting, and comparison with accumulated depreciation.
Accrued interest or accrued income represents interest or other income that has been earned but not yet paid, playing a significant role in finance and accounting.
An in-depth exploration of accrued liabilities, their accounting treatment, and their significance in financial reporting.
Detailed coverage of accrued taxes, including definitions, examples, historical context, applicability, and more.
A comprehensive definition and explanation of Accumulated Benefit Obligation (ABO) in pension accounting, with illustrations, historical context, comparisons to projected benefit obligation (PBO), and FAQs.
Understanding accumulated depletion as a contra-asset account for depletable assets and its implications in financial accounting.
Accumulated Depreciation is a critical concept in accounting, representing the total amount of depreciation expense that has been claimed to date on an asset.
A detailed exploration of the Accumulated Earnings Tax, a 15% penalty surcharge on earnings retained in a corporation to avoid higher personal income taxes, including definitions, historical context, examples, and related terms.
The actuarial present value of an employer's postretirement benefits other than pensions, such as retiree medical or retiree life insurance benefits, attributed to employee service rendered to a specific date.
The term 'acid test' originally refers to a conclusive test for gold that differentiated it from other metals. In the financial context, it is synonymous with the quick ratio, a measure of a company's short-term liquidity.
An Acknowledgment is a declaration by a person who has signed a document that such signature is a voluntary act, made before a duly authorized person. It is often done before a Notary Public.
An acquisition is a corporate action in which a company buys most, if not all, of another company’s ownership stakes to assume control of it. This process is also termed a takeover.
Understanding the total expenditure required to purchase a property, including the price and all associated fees.
An Acre is a unit of land area used in the imperial and US customary systems, equaling 160 square rods, 10 square chains, 4,840 square yards, 43,560 square feet, or 0.405 hectares.
A comprehensive guide to the concept of acreage, its uses, computation, and historical context.
ACROBAT software by Adobe Systems, Inc. is a versatile tool for creating, managing, and editing PDF files, utilizing features like the Acrobat Distiller or Adobe PDF Printer to enable any application to 'print' directly to a PDF file.
Understanding Acronyms: Definitions, Examples, and Historical Context
Encompassing everything in a certain class or group; movement in the stock market that affects almost all stocks in the same direction.
A comprehensive look at the Accelerated Cost Recovery System (ACRS), including its principles, applications, historical development, and its modification into the Modified Accelerated Cost Recovery System (MACRS).
An in-depth exploration of the legal behaviors that may deem an individual or entity as bankrupt. Includes examples, historical context, applicability, and FAQs.
An in-depth exploration of the concept 'Act of God,' its legal implications, historical context, and its role in contracts.
A comprehensive guide to understanding the Active Corps of Executives (ACE), also known as SCORE, which provides mentoring and assistance to small businesses in the United States.
Active Desktop is a feature introduced by Microsoft that allows users to display and update active content from the Internet directly on their desktop without the need for a browser.
A comprehensive guide to Active Income in taxation, including definitions, examples, and comparisons with other income categories such as Passive Income and Portfolio Income.
An in-depth article explaining the concept of the active window in Microsoft Windows, comprising its functions, visual indicators, historical background, and related terms.
A comprehensive understanding of Activist Policy, a government economic policy utilizing monetary and/or fiscal activities based on economic conditions.
An in-depth exploration of Actual Cash Value, its theoretical foundation, practical applications, and distinctions from related concepts such as Market Value.
A comprehensive overview of actual damages, including their definition, types, applicability, and legal considerations.
Actuarial Science is a branch of knowledge that deals with the mathematics of insurance, including probabilities. It ensures risks are carefully evaluated, premiums are adequately charged, and provisions are made for future benefit payments.
An ad hoc arrangement or committee is one that is formed or used for a specific and often urgent purpose. Examples include ad hoc committees and ad hoc attorneys designated for particular clients in special situations.
Understanding the concept of 'Ad Infinitum', commonly used to describe actions or occurrences that continue indefinitely without any limit on the amount of money or time involved.
Adaptive Expectations is an economic theory that hypothesizes how people predict future values based on past observations. Commonly used in macroeconomic models to forecast inflation, interest rates, and other financial metrics.
Add-On Interest involves computing interest on the original amount borrowed, leading to a stated rate much lower than the Annual Percentage Rate (APR).
An addendum is something added as an attachment to a contract, commonly used to describe additional terms such as financing and inspection requirements in real estate agreements.
Detailed explanation of Additional First-Year Depreciation, an increased depreciation deduction that allows businesses to rapidly deduct the cost of capital expenditures during the first year.
An in-depth exploration of Additional Mark-On, a retail pricing strategy often used during peak demand periods or holidays to capitalize on consumer spending behavior.
An in-depth analysis of Additional Paid-In Capital, also referred to as Capital Contributed in Excess of Par Value, its types, implications, and examples.
An in-depth exploration of Internet Address including E-mail Addresses, IP Addresses, and Uniform Resource Locators (URLs).
Adequacy of coverage refers to the sufficiency of insurance protection to repay the insured in the event of a loss. It ensures that the policyholder is fully compensated and can recover without significant financial detriment. This term is particularly crucial in the context of underinsurance.
An Adhesion Contract is a legally enforceable agreement containing standardized terms, typically offered by a business to consumers who must accept the contract without any ability to negotiate.
The term 'adjacent' describes objects or elements that are near each other but do not necessarily need to be touching. This concept is widely used in fields such as mathematics, real estate, and urban planning.
Adjoining refers to properties or structures that are contiguous, attaching, or sharing a common border, such as adjoining properties.
Adjudication refers to the legal process of resolving a dispute and delivering a judgment.
An Adjustable-Rate Mortgage (ARM) is a type of mortgage loan that allows the interest rate to be adjusted at specific intervals based on a predetermined index.
Adjusted Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures, used to measure gains and losses for tax purposes.
Adjusted Gross Income (AGI) is a critical component in the computation of taxable income, factoring in various deductions and business expenses.
An in-depth look into Adjusted Tax Basis, its implications, calculations, and relevance in finance, accounting, and taxes.
An adjuster is an individual employed by a property and casualty insurance company to evaluate and settle claims brought by insureds. The adjuster assesses the merits of each claim and makes recommendations to the insurance company.
An in-depth look at adjusting entries in accounting, including their purpose, types, and examples.
Adjustments (in Appraisal) refer to the dollar value or percentage amounts that are added to or subtracted from the sales price of a comparable property to provide an indication of the value of the subject property. These adjustments account for variations in features between the comparable property and the subject property.
Detailed article explaining the concept of administering in management, including planning, directing, budgeting, and implementing actions necessary to achieve organizational objectives. This also includes personnel management aspects such as testing and placement of newly hired employees.
Administered Price is the price of a good or service set by a governmental or nonmarket agency. This includes controls on wages and rents.
An in-depth exploration of administered prices, also known as rigid prices. Learn about their definition, types, significance, and impact on the economy.
Comprehensive coverage of administrative expenses, detailing their nature, examples, historical context, and their role in accounting.
An overview of administrative law, focusing on the powers and procedures of governmental bodies, including impacts on private persons through investigations, hearings, rule-making, and adjudication.
The Administrative Management Society promotes the application of management methods in commerce and industry to increase productivity, reduce costs, and improve quality. It emphasizes research and fosters positive employer/employee relations.
A comprehensive exploration of administrative skills, including planning, organizing, staffing, scheduling, and software proficiency in word processing, spreadsheets, databases, and telecommunications.
Detailed explanation of an Administrator's Deed, conveying the property of one who died without a Will (Intestate), along with historical background, applicable laws, and examples.
Adobe Systems, Inc., based in San Jose, California, is a leading software company known for pioneering the PostScript command language and creating the Portable Document Format (PDF). They excel in producing high-quality fonts, design, and desktop publishing software.
An adult is an individual who has attained the age of majority, signifying full legal rights and responsibilities. This entry explores adulthood's legal, social, and cultural aspects.
An in-depth exploration of advance funded pension plans, detailing their mechanisms, types, benefits, and implications for employees and employers.
An in-depth look at Advanced Micro Devices (AMD), a major player in the computer chip industry and principal competitor of Intel.
A comprehensive definition and exploration of the term 'Adversary' in various contexts such as legal, military, and more.
Adverse Possession refers to the method of acquiring legal title to land through actual, continuous, open occupancy of the property, for a prescribed period of time, under claim of right, and in opposition to the rights of the true owner.
Understanding adverse selection, its implications in the insurance industry, and strategies used by insurers to mitigate this phenomenon.
Advertising is a strategic paid message communicated through various media by industry, business firms, nonprofit organizations, or individuals, designed to influence purchasing behavior and thought patterns.
Advertisements placed by companies to present their perspective on public issues, aimed at influencing public opinion.
An in-depth exploration of affective behavior aimed at producing desired outcomes through empathy and emotional intelligence, with examples and historical context.
A comprehensive definition and explanation of an affiant, the person who makes and signs a written statement under oath, including historical context, legal implications, related terms, and frequently asked questions.
An affidavit is a written statement confirmed by oath or affirmation, administered by a legally authorized person, typically used in legal proceedings.
An Affidavit of Domicile is a notarized form stating the legal residence of a deceased person. Essential for addressing estate matters, it is often required when a deceased shareholder's legal residence differs from the address on record.
A detailed overview of affiliated chains, encompassing their structure, benefits, and economic impacts in the retail sector.
An Affiliated Company is a company that is connected to another through ownership by a third party or by holding less than a majority of the voting stock. It plays significant roles in various sectors including Banking, Finance, Insurance, and Economics.
Comprehensive guide to Affiliated Groups for consolidated tax returns, including definitions, types, examples, historical context, and relevant FAQs.
An affiliated retailer is a member of an affiliated chain or an independent retailer who teams up with other independent retailers under a common trade name for merchandising purposes. Learn more about affiliated retailers, their role, types, special considerations, historical context, examples, applicability, and related terms.
An in-depth look at affiliated wholesalers, their role, and their impact on the supply chain and retail industry.
Affirmative Action refers to steps taken to correct conditions resulting from past discrimination with respect to employment and other areas.
A comprehensive definition of affirmative relief, including its role, types, special considerations, examples, historical context, applicability, and related terms.
A comprehensive overview of Affreightment, including its definition, types, historical context, and application in the transportation industry.
The AFL-CIO is a voluntary federation of 57 national and international labor unions created in 1955 by the merger of the American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO).
The American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) is a major federation of unions in the United States, representing millions of workers in a wide range of industries.
A comprehensive overview of the after market, also known as the secondary market, its importance in finance, types, and key considerations.
