OTHER COMPREHENSIVE BASIS OF ACCOUNTING - OCBOA
These are financial statements prepared using a system of accounting that differs from GAAP, the most common being tax-basis and cash-basis financial statements. Other Comprehensive Basis of Accounting (OCBOA) systems also include a statutory basis of accounting such as that used by insurance companies to comply with the rules of a state insurance commission, as well as financial statements prepared using defined criteria that are well-supported in popular literature.
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Cost-Volume Profit Analysis
Cost accounting method used in managerial economics. The analysis is based on identifying the break off point of cost and volume of products. This ...
Trade
1. In economics, transaction where several parties are engaged in the negotiation and exchange products and services for a specific product and ser ...
Adam Smith
A philosopher and free-market economist during the 18th century, famous for his ideologies about the efficiency of labor division and individuals ...
SEC Form S-1
SEC Form S-1 is also referred to as the “Registration Statement Under the Securities Exchange Act of 1993. SEC Form S-1 is the initial regist ...
Consumer Packaged Goods - CPG
Product consumed daily by the average consumer. Goods included in this category are replenished frequently. CPGs entails a market with consumers, i ...
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After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
Buying a Home: Closing the Deal
It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
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You are one step closer to acquiring your dream house, and you want to make sure it has substantial protection against any disaster or occurrence t ...
Defining Inflation
Inflation is the sustained increase in the overall level of products and services in an economy over a particular time period. Expressed as percent ...
Digesting Financial Statements: Earnings
For assessing how a company performed in a given period, the relation between income and cash flow statements should be taken into account. Several ...
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