|business intelligence (BI) system|
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Definition of business intelligence (BI) system
business intelligence (BI) system
a formal process for gathering and analyzing information and producing intelligence to meet decision making needs; requires information about
Schedule of depreciation rates allowed for tax purposes.
The process of satisfying stakeholders in the organization that managers have acted in the best interests of the stakeholders, a result of the stewardship function of managers, which takes place through accounting.
A set of accounts that summarize the transactions of a business that have been recorded on source documents.
A location in which components destined for the shop floor are
a valuation method that uses actual direct
Conventional earnings before interest, taxes, depreciation, and amortization (EbiTDA) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss.
The simultaneous buying and selling of a security at two different prices in two different markets,
The purchase of securities on one market for immediate resale on
Transactions designed to make a sure profit from inconsistent prices.
Yield curve option-pricing models.
An alternative model to the capital asset pricing model developed by
People who search for and exploit arbitrage opportunities.
Also called surplus management, the task of managing funds of a financial
The tendency of stocks preferred by the dividend discount model to share certain equity
A racking system using automated systems
Any feature built into the economy that automatically cushions fluctuations.
Checks deposited by a company that have not yet been cleared.
Checks already deposited that have not yet been cleared.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
Base probability of loss
The probability of not achieving a portfolio expected return.
Basic business strategies
Key strategies a firm intends to pursue in carrying out its business plan.
Biased expectations theories
Related: pure expectations theory.
spread The difference between the bid and asked prices.
This is the quoted bid, or the highest price an investor is willing to pay to buy a security. Practically
A firm or person that wants to buy a firm or security.
The term applied to the liberalization in 1986 of the London Stock Exchange in which trading was
A street-smart term that refers to the practice by many businesses
A wholesale write-down of assets and accrual of liabilities in an effort to make the
A nickname for the New York Stock Exchange. Also known as The Exchange. More than 2,000
Bill and Hold Practices
Products that have been sold with an explicit agreement that delivery
Bill of exchange
General term for a document demanding payment.
Bill of lading
A contract between the exporter and a transportation company in which the latter agrees to
Bill of materials
A listing of all the materials and quantities that go to make up a completed product.
bill of materials
a document that contains information about
Bill of materials
An itemization of the parts and subassemblies required to create a
Bill of materials (BOM)
A listing of all parts and subassemblies required to produce one
A storage area, typically a subdivision of a single level of a storage rack.
A transaction to move inventory from one storage bin to another.
A method of pricing options or other equity derivatives in
Binomial option pricing model
An option pricing model in which the underlying asset can take on only two
Breeder bill of materials
A bill of material that accounts for the generation and
Building a binomial tree
For a binomial option model: plotting the two
Repetitive cycles of economic expansion and recession.
Fluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak.
Business Expansion Investment
The use of capital to create more money through the addition of fixed assets or through income producing vehicles.
A business that has terminated with a loss to creditors.
business process reengineering (BPR)
the process of combining information technology to create new and more effective
The risk that the cash flow of an issuer will be impaired because of adverse economic
an activity that is necessary for the operation of the business but for which a customer would not want to pay
A situation in which assets can easily be purchased by foreigners.
Cash management bill
Very short maturity bills that the Treasury occasionally sells because its cash
a system using transfer prices; see transfer
Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value
Also called horizon matching, a variation of multiperiod immunization and cash
A strategy in which a put and with the same strike price and expiration are either both
Commercial Business Loan (Credit Insurance)
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
A securities offering process in which securities firms submit competing bids to the
An obligation that is dependent on the occurrence or nonoccurrence of
Contingent pension liability
Under ERISA, the firm is liable to the plan participants for up to 39% of the net
The degree of freedom to exchange a currency without government restrictions or controls.
cost control system
a logical structure of formal and/or informal
cost management system (CMS)
a set of formal methods
Cost Plus Estimated Earnings in Excess of Billings
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
Covered interest arbitrage
A portfolio manager invests dollars in an instrument denominated in a foreign
Cumulative probability distribution
A function that shows the probability that the random variable will
Taking advantage of divergences in exchange rates in different money markets by
Amount owed for salaries, interest, accounts payable and other debts due within 1 year.
bills a company must pay within the next twelve months.
Amounts due and payable by the business within a period of 12 months, e.g. bank overdraft, creditors and accruals.
Current means that these liabilities require payment in
Debts or other obligations coming due within a year.
This is typically the accounts payable, short-term notes payable, and
One side of a journal entry, usually depicted as the left side.
Funds which have been deducted from your account. The opposite of a debit is a credit.
A card which enables you to directly access your bank account when paying for purchases. So instead of paying in cash or with a credit card, a debit card allows the specified amount of the purchase to be electronically debited, or withdrawn, from your bank account. See Interac Direct Payment for an explanation of the actual procedures that you follow at the point of sale (POS) terminal to use your debit card.
A record of the funds which have been debited from your account.
Deferred Tax Liability
Future tax obligation that results from the origination of a temporary
A measure of EbiTDA that is outlined or defined in a debt or credit agreement.
design for manufacturability (DFM)
a process that is part of the project management of a new product; concerned with finding optimal solutions to minimizing product failures
Inability to work due to injury or sickness.
Insurance that pays you an ongoing income if you become disabled and are unable to pursue employment or business activities. There are limits to how much you can receive based on your pre-disability earnings. Rates will vary based on occupational duties and length of time in a particular industry. This kind of coverage has a waiting period before you can begin collecting benefits, usually 30, 60 or 90 days. The benefit paying period also varies from 2 years to age 65. A short waiting period will cost more that a longer waiting period. As well, a long benefit paying period will cost more than a short benefit paying period.
Disability Insurance (Credit Insurance)
Group Insurance designed to cover monthly obligations due to a borrower being unable to work due to sickness or injury.
DLOM (discount for lack of marketability)
an amount or percentage deducted from an equity interest to reflect lack of marketability.
Du Pont system
A breakdown of ROE and ROA into component ratios.
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
Dupont system of financial control
Highlights the fact that return on assets (ROA) can be expressed in terms
earnings before interest and income tax (EBIT)
A measure of profit that
Earnings before interest and taxes (EBIT)
A financial measure defined as revenues less cost of goods sold
Earnings before interest and taxes (EBIT)
The operating profit before deducting interest and tax.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
The operating profit before deducting interest, tax, depreciation and amortization.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
Earnings before interest and taxes. The measure often is used to gauge coverage of fixed charges.
Abbreviation for earnings before interest and taxes.
Earnings before interest, taxes, and amortization expense.
Earnings before interest, taxes, depreciation, and amortization.
EbiTDA divided by total sales or total revenue.
Earnings before interest, taxes, deprecation, amortization, and rents.
Electronic Federal Tax Payment Systems (EFTPS)
An electronic funds transfer system used by businesses to remit taxes to the government.
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