Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: finance, inventory, payroll, credit, investment, stock trading, money, tax advisor,
Definition of AS
A method for dividing inventory into classifications,
Administrative proceedings or litigation releases that entail an accounting or auditing-related violation of the securities laws.
Well, frankly, accrual is not a good descriptive
A merger or consolidation in which an acquirer purchases the selling firm's assets.
A method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing.
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
Cash flow provided by operating
A means of compensating the broker of a program trade solely on the basis of commission
Mortgage pass-through securities whose principal and interest payments are
hours, machine hours or volume of production
Asian currency units (ACUs)
Dollar deposits held in Singapore or other Asian centers.
Option based on the average price of the asset during the life of the option.
This is the quoted ask, or the lowest price an investor will accept to sell a stock. Practically speaking, this
A dealer's price to sell a security; also called the offer price.
Any possession that has value in an exchange.
A resource, recorded through a transaction, that is expected to yield a benefit to a
Something that is owned; a financial claim or a piece of property that is a store of value.
Probable future economic benefit that is obtained or controlled by an entity as a result of
Anything owned by, or owed to, an individual or business which has commercial or exchange value (e.g., cash, property, etc.).
All things of value owned by an individual or organization.
Asset activity ratios
Ratios that measure how effectively the firm is managing its assets.
Asset allocation decision
The decision regarding how an institution's funds should be distributed among the
Bond or note secured by assets of company.
A security that is collateralized by loans, leases, receivables, or installment contracts
Methods of financing in which lenders and equity investors look principally to the
Loans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender.
Categories of assets, such as stocks, bonds, real estate and foreign securities.
Extent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position.
A bond indenture restriction that permits additional borrowing on if the ratio of assets to
The ratio of total assets to stockholder equity.
Asset for asset swap
Creditors exchange the debt of one defaulting borrower for the debt of another
Also called surplus management, the task of managing funds of a financial
The weighting of assets in an investment portfolio among different asset classes (e.g. shares, bonds, property, cash, overseas investments.
Asset pricing model
A model for determining the required rate of return on an asset.
Asset pricing model
A model, such as the Capital Asset Pricing Model (CAPM), that determines the required
The amount of total risk that can be eliminated by diversification by
A firm's investing in assets that are riskier than those that the debtholders expected.
Asset substitution problem
Arises when the stockholders substitute riskier assets for the firm's existing
An interest rate swap used to alter the cash flow characteristics of an institution's assets so as to
The ratio of net sales to total assets.
a ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets
asset turnover ratio
A broad-gauge ratio computed by dividing annual
A firm's productive resources.
Anything of value that a company owns.
Things that the business owns.
Items owned by the company or expenses that have been paid for but have not been used up.
A common element of a financial plan that describes projected capital spending and the
The receipt of an exercise notice by an options writer that requires the writer to sell (in the case
This is the legal transfer on one person's interest in an insurance policy to another person or entity, such as to a bank to qualify for a loan
Assuris is a not for profit organization that protects Canadian policyholders in the event that their life insurance company should become insolvent. Their role is to protect policyholders by minimizing loss of benefits and ensuring a quick transfer of their policies to a solvent company where their benefits will continue to be honoured. Assuris is funded by the life insurance industry and endorsed by government. If you are a Canadian citizen or resident, and you purchased a product from a member life insurance company in Canada, you are protected by Assuris.
Information that is known to some people but not to other people.
A situation wherein participants in a transaction have different net tax rates.
A lack of equivalence between two things, such as the unequal tax treatment of interest expense
attribute-based costing (ABC II)
an extension of activitybased costing using cost-benefit analysis (based on increased customer utility) to choose the product attribute
The tendency of stocks preferred by the dividend discount model to share certain equity
Average (across-day) measures
An estimation of price that uses the average or representative price of a
Bank discount basis
A convention used for quoting bids and offers for treasury bills in terms of annualized
Gives the lessee the option to purchase the asset at a price below fair market
Base interest rate
Related: Benchmark interest rate.
Base probability of loss
The probability of not achieving a portfolio expected return.
The reference year when constructing a price index. By tradition it is given the value 100.
In a balance of payments, the basic balance is the net balance of the combination of the current
Basic business strategies
Key strategies a firm intends to pursue in carrying out its business plan.
basic earnings per share (EPS)
This important ratio equals the net
Basic Earnings Power Ratio
Percentage of earnings relative to total assets; indication of how
Basic IRR rule
Accept the project if IRR is greater than the discount rate; reject the project is lower than the
Regarding a futures contract, the difference between the cash price and the futures price observed in the
In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage
One one-hundredth of one percent
One hundredth of one percentage point, or 0.0001.
One one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points.
Price expressed in terms of yield to maturity or annual rate of return.
The uncertainty about the basis at the time a hedge may be lifted. Hedging substitutes basis risk for
Packages that involve the exchange of more than two currencies against a base currency at
Related: Program trades.
Biased expectations theories
Related: pure expectations theory.
spread The difference between the bid and asked prices.
The method used for computing the bond-equivalent yield.
Break-even lease payment
The lease payment at which a party to a prospective lease is indifferent between
Canadian Life and Health Insurance Association (CLHIA)
An association of most of the life and health insurance companies in Canada that conducts research and compiles information about the life and health insurance industry in Canada.
an asset used to generate revenues or cost savings
A fixed asset, something that is expected to have long-term usage within
Capital asset pricing model (CAPM)
An economic theory that describes the relationship between risk and
Capital Asset Pricing Model (CAPM)
A model for estimating equilibrium rates of return and values of
capital asset pricing model (CAPM)
Theory of the relationship between risk and return which states that the expected risk
A lease obligation that has to be capitalized on the balance sheet.
A lease in which the lessee obtains some ownership rights over the asset
One where substantially all of the benefits and risks of ownership are transferred to the lessee. It must be reflected on the company's balance sheet as an asset and corresponding liability.
Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized against
see Cost Accounting Standards Board
The value of assets that can be converted into cash immediately, as reported by a company. Usually
Amounts held in currency and coin (commonly referred to as petty cash) and amounts on deposit in financial institutions.
Currency, coin, and funds on deposit that are available for immediate withdrawal without
A method of accounting in which profit is calculated as the difference between income
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.