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Definition of Completed-Contract Method
A contract accounting method that recognizes contract revenue
A guaranteed investment contract purchased with a single (one-shot) premium. Related:
A method of constructing a replicating portfolio in which the manager purchases a
Futures contracts, such as stock index futures, that settle for cash, not involving
Similar to equipment trust certificates except that the lender is either the
A term of reference describing a unit of trading for a financial or commodity future. Also, the actual
The month in which futures contracts may be satisfied by making or accepting a delivery.
Under this currency translation method, all foreign currency balance-sheet and income
A method of cash budgeting based on detailed estimates of cash receipts and cash
A guaranteed investment contract where the credit rating is tied to some variable
The practice of reporting to shareholders using straight-line depreciation and
A cash market transaction in which delivery of the commodity is deferred until after the
In Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to
Agreement to buy or sell a set number of shares of a specific stock in a designated future
A constant, set by an exchange, which when multiplied by the futures price gives
A contract promising a stated nominal interest rate over some specific time
Guaranteed investment contract (GIC)
A pure investment product in which a life company agrees, for a
A contract that obligates a purchaser of a project's output to make cash
Log-linear least-squares method
A statistical technique for fitting a curve to a set of data points. One of the
Monetary / non-monetary method
Under this translation method, monetary items (e.g. cash, accounts
Most distant futures contract
When several futures contracts are considered, the contract settling last.
Nearby futures contract
When several futures contracts are considered, the contract with the closest
Next futures contract
The contract settling immediately after the nearby futures contract.
Nexus (of contracts)
A set or collection of something.
The practice of making a charge in the income account equivalent to the tax savings
contracts which have been bought or sold without the transaction having been completed by
The contract that balances the three types of agency costs (contracting, monitoring, and
A contract that, in exchange for the option price, gives the option buyer the right, but not
Options contract multiple
A constant, set at $100, which when multiplied by the cash index value gives the
Accounting for an acquisition using market value for the consolidation of the two entities'
A method of allocating the purchase price for the acquisition of another firm among the
Set of contracts perspective
View of corporation as a set of contracting relationships, among individuals
Simple compound growth method
A method of calculating the growth rate by relating the terminal value to
A method of cash budgeting that is organized along the lines of the statement of cash flows.
A contract that obligates the purchaser to take any product that is offered to it (and pay
Under this currency translation method, the choice of exchange rate depends on the
Turnkey construction contract
A type of construction contract under which the construction firm is
A guaranteed investment contract purchased with deposits over some future designated
A method of adjusting accounts receivable to the amount that is expected to be collected based on company experience.
A method of preparing the operating section of the Statement of Cash Flows that uses the company’s actual cash inflows and cash outflows.
Direct write-off method
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
A method of preparing the operating section of the Statement of Cash Flows that does not use the company’s actual cash inflows and cash outflows, but instead arrives at the net cash flow by taking net income and adjusting it for noncash expenses and the changes from last year in the current assets and current liabilities.
a process of service department cost allocation
an external party that has been granted an outsourcing contract to produce a part or component for an entity
an external party that has been granted an
a contract in which the customer agrees
a service department cost allocation approach
dividend growth method
a method of computing the cost
FIFO method (of process costing)
the method of cost assignment that computes an average cost per equivalent
a technique used to determine the fixed
judgmental method (of risk adjustment)
an informal method of adjusting for risk that allows the decision maker
method of least squares
see least squares regression analysis
method of neglect
a method of treating spoiled units in the
modified FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per
net present value method
a process that uses the discounted
risk-adjusted discount rate method
a formal method of adjusting for risk in which the decision maker increases the rate used for discounting the future cash flows to compensate for increased risk
an iterative (sequential) algorithm used to solve multivariable, multiconstraint linear programming problems
a high-performance, data-driven approach to analyzing and solving the root causes of business problems
a process of service department cost allocation
strict FIFO method (of process costing)
the method of cost assignment that uses FIFO to compute a cost per equivalent unit and, in transferring units from a department, keeps the
units started and completed
the difference between the number of units completed for the period and the units in beginning inventory; it can also be computed as the number of units started during the period minus the units in ending inventory
weighted average method (of process costing)
the method of cost assignment that computes an average cost per
Bootstrapping, bootstrap method
An arithmetic method for backing an
First in, first-out costing method (FIFO)
A process costing methodology that assigns the earliest
Moving average inventory method
An inventory costing methodology that calls for the re-calculation of the average cost of all parts in stock after every purchase.
A capital budgeting analysis method that calculates the amount of
An accounting method used to combine the financial statements of
Agreement to buy or sell an asset in the future at an agreed price.
Exchange-traded promise to buy or sell an asset in the future at a prespecified price.
A contract in which the seller agrees to provide something to a buyer at a specified future date at an agreed price.
An unwritten understanding between two groups, such as an understanding between an employer and employees that employees will receive a stable wage despite business cycle activity.
Benefit Ratio Method
The proportion of unemployment benefits paid to a company’s
Benefit Wage Ratio Method
The proportion of total taxable wages for laid off
Contract Work Hours and Safety Standards Act
A federal Act requiring federal contractors to pay overtime for hours worked exceeding 40 per week.
McNamara-O'Hara Service Contract Act of 1965
A federal Act requiring federal contractors to pay those employees working on a federal contract at
Walsh-Healey Public Contracts Act of 1936
A federal Act that forces government contractors to comply with the government’s minimum wage and hour rules.
Average-Cost Inventory Method
The inventory cost-flow assumption that assigns the average
method of accounting for sales or service agreements where completion
A format for the operating section of the cash-flow statement that reports actual cash receipts and cash disbursements from operating activities.
Accounting method for an equity security in cases where the investor has sufficient
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
A method of accounting for petroleum exploration and development expenditures
A format for the operating section of the cash-flow statement that
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
A contract accounting method that recognizes contract
Successful Efforts Method
A method of accounting for petroleum exploration and development
A formal written statement of the rights and obligations of each party to a transaction.
Net Present Value (NPV) Method
A method of ranking investment proposals. NPV is equal to the present value of the future returns, discounted at the marginal cost of capital, minus the present value of the cost of the investment.
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