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Financial Terms | |
Internal Revenue Service |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Internal Revenue ServiceInternal Revenue ServiceA federal agency empowered by Congress to interpret and enforce tax-related laws.
Related Terms:Federal Employer Identification NumberA unique identification number issued Concentration servicesMovement of cash from different lockbox locations into a single concentration Debt serviceInterest payment plus repayments of principal to creditors, that is, retirement of debt. Debt-service coverage ratioEarnings before interest and income taxes plus one-third rental charges, divided Debt service parity approachAn analysis wherein the alternatives under consideration will provide the firm Fictitious Revenuerevenue recognized on a nonexistent sale or service transaction. Full-service leaseAlso called rental lease. Lease in which the lessor promises to maintain and insure the ![]() grade (of product or service)the addition or removal of product Incremental internal rate of returnIRR on the incremental investment from choosing a large project incremental revenuethe revenue resulting from an additional contemplated sale Index Portfolio Rebalancing Service (IPRS)Index Portfolio Rebalancing service (IPRS) is a comprehensive investment service that can help increase potential returns while reducing volatility. Several portfolios are available, each with its own strategic balance of Index Funds. IPRS maintains your personal asset allocation by monitoring and rebalancing your portfolio semi-annually. Industrial revenue bond (IRB)Bond issued by local government agencies on behalf of corporations. Information servicesOrganizations that furnish investment and other types of information, such as internal accounting controlsRefers to forms used and procedures internal controlany measure used by management to protect Internal financeFinance generated within a firm by retained earnings and depreciation. ![]() Internal growth rateMaximum rate a firm can expand without outside source of funding. Growth generated internal growth rateMaximum rate of growth without external financing. Internal marketThe mechanisms for issuing and trading securities within a nation, including its domestic Internal measureThe number of days that a firm can finance operations without additional cash income. Internal rate of returnDollar-weighted rate of return. Discount rate at which net present value (NPV) Internal rate of return a. The average annual yield earned by an investment during the period held. Internal rate of returnThe rate of return at which the present value of a series of future Internal rate of return (IRR)A discounted cash flow technique used for investment appraisal that calculates the effective cost of capital that produces a net present value of zero from a series of future cash flows and an internal rate of return (IRR)The precise discount rate that makes the Internal Rate of Return (IRR)The discount rate that equates the present value of the net cash internal rate of return (IRR)the expected or actual rate of ![]() internal rate of return (IRR)Discount rate at which project NPV = 0. Internal Revenue CodeRefers to all federal tax laws as a group. Internally efficient marketOperationally efficient market. internally generated fundsCash reinvested in the firm; depreciation plus earnings not paid out as dividends. McNamara-O'Hara Service Contract Act of 1965A federal Act requiring federal contractors to pay those employees working on a federal contract at NET SALES (revenue)The amount sold after customers’ returns, sales discounts, and other allowances are taken away from Non-financial servicesInclude such things as freight, insurance, passenger services, and travel. Portfolio internal rate of returnThe rate of return computed by first determining the cash flows for all the Premature Revenuerevenue recognized for a confirmed sale or service transaction in a period Product/service mixSee sales mix. Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. Realized RevenueA revenue transaction where goods and services are exchanged for cash or RevenueIncome earned from the sale of goods and services. RevenueAmounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales. RevenueAn inflow of cash, accounts receivable, or barter from a customer in exchange Revenue bondA bond issued by a municipality to finance either a project or an enterprise where the issuer revenue centera responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs revenue-driven expensesOperating expenses that vary in proportion to Revenue fundA fund accounting for all revenues from an enterprise financed by a municipal revenue bond. Revenue RecognitionThe act of recording revenue in the financial statements. revenue should Sales Revenue Revenue recognized from the sales of products as opposed to the provision ofservices. service companyan individual or firm engaged in a high or moderate degree of conversion that results in service output service departmentan organizational unit that provides one or more specific functional tasks for other internal units Service Revenuerevenue recognized from the provision of services as opposed to the sale of service timethe actual time consumed performing the functions Short-term investment servicesservices that assist firms in making short-term investments. Total revenueTotal sales and other revenue for the period shown. Known as "turnover" in the UK. Unearned revenueMoney that has been paid by customers for work yet to be done or goods yet to be provided. Unearned revenueA payment from a customer that cannot yet be recognized as earned Uniformed Services Employment and Reemployment Rights Act of 1994A federal act that minimizes the impact on people serving in the Armed Forces Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |