ACCOUNTANT INTERNATIONAL STUDY GROUP- AISG
The Accountant International Study Group is an organization that studies differences in different countries accounting practices. It was formed by different professionals from Canada, United Kingdom and United States in year 1966. In 1973, they expanded its membership to included international accounting standards. After the expansion the group was called International Federation of Accountants and then became the International Accounting Standard Board or IASB.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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