Business

Financial statement records that outline the financial activities of business an individual or another entity. Financial statements are supposed to present the financial information with…

Equivalent Annual Cost (EAC) is the annual cost associated with owning an asset over its whole life. Equivalent annual cost is normally used by firms…

Engagement Letter is a written agreement to complete services in alternate for compensation. Engagement letters are traditionally utilized by certain professional service firms, particularly within…

Capital maintenance in products of constant purchasing power accounting (CMUCPP) is the International Accounting Criteria Board (IASB) standard accounting model formerly authorized in IFRS in…

Fair value accounting means accounting for the particular “fair value” of an asset or liability based on the current market price tag, or for equivalent…

The specialized investment fund or SIF is a type of investment fund governed with the Luxembourg law regarding 13 February 2007 replacing what the law…

Private Equity means Equity capital that isn’t quoted on a new public exchange. Private equity contains investors and funds that produce investments directly directly into…

Expense management is the term for the systems deployed with a business to course of action, pay, and review employee-initiated expenses. Most of these costs…

In operation, an operating expense is a day to day expense including sales and management, or research & advancement, as opposed to be able to…

Expense is the economic costs that a business incurs as a result of its operations in order to earn revenue. To be able to maximize…

Accounts Payable (AP) is an accounting entry that represents an entity’s obligation in order to a short-term credit card debt to its collectors. The accounts…

Double Taxation is a taxation principle referring to income taxes that are paid twice on the same source of gained income. Double taxation takes place…