ferred to put their spare cash with risk-freeinvestments such as building societiesrather than take chances on the stock mar-ket. The returns on a host of risk-freeinvestments have been well into doublefigures’ [Money Observer]risk managementrisk management /rsk mndmənt/noun the work of managi[r]
even an actively-managed portfolio at inception, but which may be modified byan investor or an advisor to meet the tax and spending needs of its owner. Therationale for the folio is to take advantage of diversification and the ability torealize tax losses in a separately managed account. In general,[r]
even an actively-managed portfolio at inception, but which may be modified byan investor or an advisor to meet the tax and spending needs of its owner. Therationale for the folio is to take advantage of diversification and the ability torealize tax losses in a separately managed account. In general,[r]
the property. Loan-to-value ratio is expressed to a potential purchaser of aproperty in terms of the percentage a lending institution is willing to finance.LOC see Letter of Credit.LOCKBOX is 1. a fireproof metal strongbox (usually in a bank) for storingvaluables e.g., a safety deposit box; a[r]
The amount of the negative goodwill relating to monetary assets isrecognized as income immediatelyNOTE: Intangible assets are not revalued.NEGATIVE PLEDGE CLAUSE is a covenant or promise in an indentureagreement that states the corporation will not pledge any of its assets if doing sowould result[r]
TRIPLE BOTTOM LINE (TBL) is a metric for a corporation's social,environmental, and economic performance. TBL is the latest series of buzzwords to describe business involvement in sustainability. TBL is all aboutdropping the financial bottom line as a meaningful indicator of where you stand inthe mar[r]
that anyone can buy themgoverngovern /v(ə)n/ verb to rule a country ćThe country is governed by a group of mili-tary leaders.governancegovernance /v(ə)nəns/ noun theprocess of managing a company, especiallywith respect to the soundness or otherwiseof its management‘…the chairman has committed[r]
for both buyer and sellerfair tradefair trade /feə tred/ noun an interna-tional business system where countriesagree not to charge import duties on someitems imported from their trading partnersfair valuefair value /feə vlju/ noun 1. a pricepaid by a buyer who knows the value of whathe or she[r]
variance /veəriəns/ noun the discrepancybetween the actual cost of an asset or busi-ness activity and the standard or expectedcostvariance accountingvariance accounting /veəriəns ə|kaυntŋ/ noun a method of accounting bymeans of which planned activities (quanti-fied through budgets[r]
negotiate for better terms ć She refused toagree to some of the terms of the contract. ćBy or Under the terms of the contract, thecompany is responsible for all damage to theproperty.‘…companies have been improving com-munications, often as part of deals to cutdown demarcation a[r]
an accounting method where stock isvalued at the price of the earliest purchases.Abbreviation LIFO. Compare first in firstoutlast quarterlast quarter /lɑst kwɔtə/ noun aperiod of three months at the end of thefinancial yearlast will and testamentlast will and testament /lɑst wl əntes[r]
Text Production and ProofreadingHeather Bateman, Stephen Curtis, Katy McAdam, Howard SargeantThis book is produced using paper that is made from wood grown in managed,sustainable forests. It is natural, renewable and recyclable. The logging andmanufacturing processes conform to the environmental reg[r]
balance sheet 20balance sheetbalance sheet /bləns ʃit/ noun astatement of the financial position of a com-pany at a particular time, such as the end ofthe financial year or the end of a quarter,showing the company’s assets and liabilitiesć Our accountant has prepared the balancesheet for the firs[r]
the seller is debiting (increasing) the amount of the buyer's accounts payable dueto errors or other factors requiring adjustments.DEBIT NOTES are issued to indicate a short payment.DEBT COVENANT is one of many terms used to describe rules governing theloans that a company has outstanding. Ot[r]
economic activity of an organization. It is often referred toas “the language of business” and, like any other language,it has its own unique vocabulary and rules. Some peoplethink of accounting as a highly technical field understoodonly by professional accountants. However, technical acco[r]
6) Financing decisions primarily deal with:A) the use of scarce resourcesB) how to obtain funds to acquire resourcesC) acquiring equipment and buildingsD) preparing financial statements for stockholdersAnswer: BDiff: 2Terms: financial budgetObjective: 1AACSB: Reflective thinking7) Budgeting p[r]
Contents viiWebsterFM.qxd 9/17/2003 9:46 AM Page viiThis page intentionally left blank.PrefaceAccounting knowledge is a core business skill that bothcomplements and enhances your other talents. Individualspromoted to management or supervisory roles from either lineor staff jobs find that many of the[r]
Contents viiWebsterFM.qxd 9/17/2003 9:46 AM Page viiThis page intentionally left blank.PrefaceAccounting knowledge is a core business skill that bothcomplements and enhances your other talents. Individualspromoted to management or supervisory roles from either lineor staff jobs find that many of the[r]
or syslog server. This can be done effectively if you:• Pass, without logging, all established TCP connections from permitted IPs.• Pass and log the first packet for all TCP sessions from permitted IPs.• Deny and log all other packets.This example logs both access attempts from approved IPs and acce[r]