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Gross Income is a person’s total personal earnings before taking taxes or deductions into consideration. Or a businesses revenue minus expense of goods marketed. Also…

Project Finance is the financing of long term infrastructure, industrial projects and also public services based upon a non-recourse as well as limited recourse fiscal…

Nonrecourse Debt is a kind of loan that can be secured by equity, which is usually property. If the borrower defaults, issuer can catch the…

The matching principle is about the basic underlying in accounting. The matching principle directs a business to report a cost on its income statement in…

Management assertions or monetary statement assertions are classified as the implicit or explicit assertions which the preparer of financial statements (management) is making to it…

The “positivity effect” identifies an age-related craze that favors positive over negative stimuli inside cognitive processing. Relative to their younger counterparts, older people attend to…

The negativity bias refers to the notion of which, even when connected with equal intensity, things of the more negative character (e.g. distressing thoughts, emotions,…

Optimism bias is a cognitive bias that causes a person to believe that they are less at chance of experiencing a poor event compared to…

Hedge Accounting is a method of sales where entries with the ownership of a security and also the opposing hedge are treated together. Hedge accounting…

Enterprise risk management (ERM) is the process of arranging, organizing, leading, and controlling those things of an organization can minimize the outcomes of risk on…

Managerial Risk Accounting is concerned with the creation, dissemination and use of risk related information technology information to operators within organizations to be able to…

There are two main thrusts intended for Lean Accounting. First is the application of lean techniques to the company’s data processing, control, and description processes.…