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Financial Terms | |
open-book management |
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Definition of open-book managementopen-book managementa philosophy about increasing a firm’s performance by involving all workers and by ensuring
Related Terms:Abusive Earnings ManagementThe use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result. Abusive Earnings ManagementA characterization used by the Securities and Exchange activity-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received Asset/liability managementAlso called surplus management, the task of managing funds of a financial Average Propensity to ConsumeRatio of consumption to disposable income. See also marginal propensity to consume. Average Propensity to SaveRatio of saving to disposable income. See also marginal propensity to save. BookA banker or trader's positions. ![]() Bookcash A firm's cash balance as reported in its financial statements. Also called ledger cash. Book-entry securitiesThe 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 Book IncomePretax income reported on the income statement. Book inventoryThe amount of money invested in inventory, as per a company’s Book profitThe cumulative book income plus any gain or loss on disposition of the assets on termination of the SAT. book rate of returnAccounting income divided by book value. Book Returnsbook 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. Book runnerThe managing underwriter for a new issue. The book runner maintains the book of securities sold. Book valueA company's book value is its total assets minus intangible assets and liabilities, such as debt. A BOOK VALUEAn asset’s cost basis minus accumulated depreciation. Book ValueThe value of an asset as carried on the balance sheet of a Book valueAn asset’s original cost, less any depreciation that has been subsequently incurred. book valueNet worth of the firm’s assets or liabilities according book value and book value per shareGenerally speaking, these terms BOOK VALUE OF COMMON STOCKThe 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 shareThe ratio of stockholder equity to the average number of common shares. book value Book Value per ShareThe book value of a company divided by the number of shares Bottom-up equity management styleA management style that de-emphasizes the significance of economic Buy on openingTo buy at the beginning of a trading session at a price within the opening range. Cash management billVery 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 managementThe application of financial principals within a corporation to create and cost management system (CMS)a set of formal methods Demand Management PolicyFiscal or monetary policy designed to influence aggregate demand for goods and services. Earnings ManagementThe 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 bookA record of unexecuted limit orders that is maintained by the specialist. These orders are Managementmanagement 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). Management accountingThe 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. management accountinga 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 sharesPercentage of shares held by persons closely related to a company, as management controlThis 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. Management feeAn investment advisory fee charged by the financial advisor to a fund based on the fund's management feeThe 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 management stylethe preference of a manager in how he/she interacts with other stakeholders in the organization; Marginal Propensity to ConsumeFraction of an increase in disposable income that is spent on consumption. Marginal Propensity to ImportFraction of an increase in disposable income that is spent on imports. Marginal Propensity to SaveFraction of an increase in disposable income that is saved. Market-book ratioMarket price of a share divided by book value per share. Market to Book RatioMeasure of the book value of a company on a per share basis. It is Matched bookA bank runs a matched book when the distribution of maturities of its assets and liabilities are equal. Money managementRelated: Investment management. Net book valueThe current book value of an asset or liability; that is, its original book value net of any Open accountArrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, open accountAgreement whereby sales are made with no formal debt contract. Open bookSee: unmatched book. Open contractsContracts which have been bought or sold without the transaction having been completed by Open EconomyAn economy which engages in a significant amount of trade. Contrast with closed economy. Open-end fundAlso called a mutual fund, an investment company that stands ready to sell new shares to the Open-end mortgageMortgage against which additional debts may be issued. Related: closed-end mortgage. Open (good-til-cancelled) orderAn individual investor can place an order to buy or sell a security. That Open interestThe total number of derivative contracts traded that not yet been liquidated either by an Open-market operationPurchase or sale of government securities by the monetary authorities to increase or Open-Market OperationsBuying or selling of bonds by the central bank. Open-market purchase operationA systematic program of repurchasing shares of stock in market Open-outcryThe method of trading used at futures exchanges, typically involving calling out the specific Open positionA net long or short position whose value will change with a change in prices. open purchase orderinga process by which a single purchase Open repoA repo with no definite term. The agreement is made on a day-to-day basis and either the Opening priceThe range of prices at which the first bids and offers were made or first transactions were Opening purchaseA transaction in which the purchaser's intention is to create or increase a long position in Opening saleA transaction in which the seller's intention is to create or increase a short position in a given Opening, theThe period at the beginning of the trading session officially designated by the exchange during Operational Earnings Managementmanagement actions taken in the effort to create stable Passive investment managementBuying a well-diversified portfolio to represent a broad-based market performance management systema system reflecting the entire package of decisions regarding performance measurement and evaluation Portfolio managementRelated: Investment management Preopening CostsA form of start-up cost incurred in preparing for the opening of a new store or facility. Price/book ratioCompares a stock's market value to the value of total assets less total liabilities (book Real Actions (Earnings) ManagementInvolves operational steps and not simply acceleration Reopen an issueThe Treasury, when it wants to sell additional securities, will occasionally sell more of an Risk managementThe process of identifying and evaluating risks and selecting and managing techniques to Short bookSee: unmatched book. Society of Management Accountants of Canadathe professional body representing an influential and diverse Statement on Management Accounting (SMA)a pronouncement developed and issued by the management Stockholder's booksSet of books kept by firm management for its annual report that follows Financial Strategic management accountingThe 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 managementorganizational 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 supply-chain managementthe cooperative strategic planning, Surplus managementRelated: asset management synchronous managementthe use of all techniques that help an organization achieve its goals Tax booksSet of books kept by a firm's management for the IRS that follows IRS rules. The stockholder's Top-down equity management styleA 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 Unmatched bookIf the average maturity of a bank's liabilities is less than that of its assets, it is said to be Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |