ENRON
American energy trading and utilities firm which brought one of the largest accounting frauds in history. Its executives incorporated accounting acts which falsely inflated its revenue. At the height of the scandal, the company became the seventh biggest company in the United States. When the fraud ended, it filed for Chapter 11 bankruptcy in 2001.
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Generally Accepted Auditing Standards - GAAS
Set of systematic guidelines for auditing private firms, specifically their finances, to ensure accuracy, consistency, and validity of auditors&rsq ...
Hamada Equation
A technique of analyzing the cost capital of a firm as it uses additional financial leverage, and how that relates to the overall riskiness of the ...
PAB
It is basically the abbreviation for the Panama Balboa in terms of currencies.
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An index based on the Russell 3000 Index, measuring how U.S. stocks in the equity value segment perform. Included in the Russell 3000 Value Index a ...
Dry Bulk Commodity
Commodity transported in its raw form, and in huge, unpackaged amounts. Many delivery companies specialize in such delivery, which is divided into ...
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