Document Automation
Accounting

Document Automation

Document automation is the design of techniques and workflows that assist in the creation of electronic documents. Like for example , logic-based systems of which…
Invoice Definition
Accounting

Invoice Definition

Invoice is a nonnegotiable commercial instrument issued by seller to a buyer. It identifies both trading parties as well as lists, describes, and quantifies the…
Days Sales Outstanding
Accounting

Days Sales Outstanding

Days Sales Outstanding is a way of measuring the average variety of days that a company takes to collect revenue after a sale has also…
Cash Conversion Cycle
Accounting

Cash Conversion Cycle

The cash conversion cycle (CCC) is a metric that expresses the amount of time, in days, which it takes for a business to convert learning…
Economic Order Quantity
Economics

Economic Order Quantity

Economic order quantity applies only if demand for something is constant in the year and each and every new order is delivered entirely when inventory…
Finance Lease
Finance

Finance Lease

A finance lease or capital lease is a variety of lease. It is a commercial arrangement in which: the lessee (customer or borrower) will pick…
Operating Lease
Finance

Operating Lease

Operating Lease is a contract that allows for using an asset, but doesn’t convey rights of ownership from the asset. An operating lease isn’t capitalized;…
Lease Definition
Finance

Lease Definition

Lease is a legal document outlining the terms under which a party agrees for to rent property by another party. A lease guarantees the lessee…
Budget Definition
Finance

Budget Definition

Budget is an estimation of the revenue and expenses on the specified future time period. A budget may be made for an individual, family, group…
Profit Model
Finance

Profit Model

Profit model exist as a way of helping any business concern achieve a situation where there is money left after all expenses are compensated. In…
Trading Statement
Finance

Trading Statement

The trading statement is an expanded version of sales component of the Income declaration. The trading statement’s main objective is usually to determine sales, price…
Goodwill in Accounting
Accounting

Goodwill in Accounting

Goodwill is an intangible asset that arises because of the acquisition of one company by another for the premium value. The worthiness of a company’s…
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