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Definition of open-book management
a philosophy about increasing a firm’s performance by involving all workers and by ensuring
The use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result.
A characterization used by the Securities and Exchange
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
Also called surplus management, the task of managing funds of a financial
Ratio of consumption to disposable income. See also marginal propensity to consume.
Ratio of saving to disposable income. See also marginal propensity to save.
A banker or trader's positions.
cash A firm's cash balance as reported in its financial statements. Also called ledger cash.
The Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the
Pretax income reported on the income statement.
The amount of money invested in inventory, as per a company’s
The cumulative book income plus any gain or loss on disposition of the assets on termination of the SAT.
Accounting income divided by book value.
book yield is the investment income earned in a year on a portfolio of assets purchased over a number of years and at different interest rates, divided by the book value of those assets.
The managing underwriter for a new issue. The book runner maintains the book of securities sold.
A company's book value is its total assets minus intangible assets and liabilities, such as debt. A
An asset’s cost basis minus accumulated depreciation.
The value of an asset as carried on the balance sheet of a
An asset’s original cost, less any depreciation that has been subsequently incurred.
Net worth of the firm’s assets or liabilities according
book value and book value per share
Generally speaking, these terms
BOOK VALUE OF COMMON STOCK
The theoretical amount per share that each stockholder would receive if a company’s assets were sold on the balance sheet’s date. book value equals:
Book value per share
The ratio of stockholder equity to the average number of common shares. book value
Book Value per Share
The book value of a company divided by the number of shares
Bottom-up equity management style
A management style that de-emphasizes the significance of economic
Buy on opening
To buy at the beginning of a trading session at a price within the opening range.
Cash management bill
Very short maturity bills that the Treasury occasionally sells because its cash
Certified Management Accountant (CMA)
a professional designation in the area of management accounting that
Corporate financial management
The application of financial principals within a corporation to create and
cost management system (CMS)
a set of formal methods
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
The active manipulation of earnings toward a predetermined target.
Federal Open Market Committee (FOMC)
Fed committee that makes decisions about open-market operations.
Institute of Management Accountants (IMA)
an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management
Limit order book
A record of unexecuted limit orders that is maintained by the specialist. These orders are
management refers to the individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board which are designated to oversee certain matters (e.g., audit committee).
The production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved.
a discipline that includes almost
Management Accounting Guidelines (MAGs)
pronouncements of the Society of management Accountants of
Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
management buyout (MBO)
Acquisition of the firm by its own management in a leveraged buyout.
Management/closely held shares
Percentage of shares held by persons closely related to a company, as
This is difficult to define in a few words—indeed, an
management control system (MCS)
an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans,
management expense ratio (MER)
The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
The fee paid to the fund’s manager for supervising the administration of the fund.
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
the preference of a manager in how he/she interacts with other stakeholders in the organization;
Marginal Propensity to Consume
Fraction of an increase in disposable income that is spent on consumption.
Marginal Propensity to Import
Fraction of an increase in disposable income that is spent on imports.
Marginal Propensity to Save
Fraction of an increase in disposable income that is saved.
Market price of a share divided by book value per share.
Market to Book Ratio
Measure of the book value of a company on a per share basis. It is
A bank runs a matched book when the distribution of maturities of its assets and liabilities are equal.
Related: Investment management.
Net book value
The current book value of an asset or liability; that is, its original book value net of any
Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt,
Agreement whereby sales are made with no formal debt contract.
See: unmatched book.
Contracts which have been bought or sold without the transaction having been completed by
An economy which engages in a significant amount of trade. Contrast with closed economy.
Also called a mutual fund, an investment company that stands ready to sell new shares to the
Mortgage against which additional debts may be issued. Related: closed-end mortgage.
Open (good-til-cancelled) order
An individual investor can place an order to buy or sell a security. That
The total number of derivative contracts traded that not yet been liquidated either by an
Purchase or sale of government securities by the monetary authorities to increase or
Buying or selling of bonds by the central bank.
Open-market purchase operation
A systematic program of repurchasing shares of stock in market
The method of trading used at futures exchanges, typically involving calling out the specific
A net long or short position whose value will change with a change in prices.
open purchase ordering
a process by which a single purchase
A repo with no definite term. The agreement is made on a day-to-day basis and either the
The range of prices at which the first bids and offers were made or first transactions were
A transaction in which the purchaser's intention is to create or increase a long position in
A transaction in which the seller's intention is to create or increase a short position in a given
The period at the beginning of the trading session officially designated by the exchange during
Operational Earnings Management
management actions taken in the effort to create stable
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
Related: Investment management
A form of start-up cost incurred in preparing for the opening of a new store or facility.
Compares a stock's market value to the value of total assets less total liabilities (book
Real Actions (Earnings) Management
Involves operational steps and not simply acceleration
Reopen an issue
The Treasury, when it wants to sell additional securities, will occasionally sell more of an
The process of identifying and evaluating risks and selecting and managing techniques to
See: unmatched book.
Society of Management Accountants of Canada
the professional body representing an influential and diverse
Statement on Management Accounting (SMA)
a pronouncement developed and issued by the management
Set of books kept by firm management for its annual report that follows Financial
Strategic management accounting
The provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds).
strategic resource management
organizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities
the cooperative strategic planning,
Related: asset management
the use of all techniques that help an organization achieve its goals
Set of books kept by a firm's management for the IRS that follows IRS rules. The stockholder's
Top-down equity management style
A management style that begins with an assessment of the overall
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
If the average maturity of a bank's liabilities is less than that of its assets, it is said to be
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