Accounting Definitions
Accounting definitions are defined by different authors in different ways. Accounting definitions are easy to understand and in easy language. Accounting definitions provides proper guideline & process in the preparation of different accounts of any thing.
As the name indicates the knowledge process outsourcing is a process in which the knowledge, skill, information and related work from one organization to the other organization or the subsidiary of the same organization. The knowledge is taken from one organization to the other
Knowledge economy can be defined as a system that is comprised of consumption and production and it is based on the intellectual capital of the business. In other words knowledge economy can be defined as the activity hub of all the knowledge based activities
Knowledge capital can be defined as an intangible asset of the business entity or a corporation that measures the level of skill, knowledge, experience and related attributes of the employees that have an experience of the business processes of the company. In addition to
Pooled cost of funds is an accounting formula that is used to find out the cost of the funds. In order to determine the pooled costs of the funds the financial statement of the business entity is used. The financial statement that is used
Operating income before depreciation and amortization is abbreviated as OIBDA and it is a non GAAP measure of the performance of the business entities and corporation to show the degree of profitability in occurring business practices and business activities. OIBDA is a financial measure
Operating lease can be defined as a legal contract that allows the use of an asset of the owner by the third party but does not conveys the rights or the ownership of the asset to the entity that is utilizing the asset. Unlike
Operating loss can be defined as the net loss that is experienced and recorded by the company due to the non profitable operations of the company. Operating loss is calculated by comparing the operating income of the company to its operating expenses. While calculating
What is Accounting Theory and its history ? Accounting Theory can be defined as the sum of theories, methodologies, assumptions, frameworks and regulations that are widely used and implemented in accounting studies and accounting applications. The study and analysis of the accounting theory involves
Optimization is a general term that can be used in any context and in any background. Such as in the context of technical analysis optimization can be defined as the process of making a trading system, financial system, production system, manufacturing system or any
Open market transaction can be defined as the order to selling securities and shares of a business entity in the open market. The order of selling the securities and share is given by the insider of the business entity and it may be the
Open interest must not be confused with the term “Interest” that is paid on the debt, securities and other kinds of loans and mortgages. Open Interest can be defined as any situation that has a large number of options that can result into a
Open Market rate can be defined as the rate of the interest that is paid by an individual or a business entity on any debt or securities that are traded in the open market. The open market rate of the interest related to the
As we all know that mortgage is an amount that is borrowed by a borrower in order to gain financial assistance. There are different types and kinds of mortgage and one of them is the open end mortgage. Open End Mortgage is a type
Open ended management company can be defined as a company that issues and redeemed its securities that are issued on the behalf of this company. The most common type of example of an open ended management company is a mutual fund company that issues
An open ended investment company is an investment company or in other words it’s an investment fund that openly invests in other companies. The ability of the open ended investment company is that it can invest in different companies with different modes and methods
Takeover Bid is an action that can be defined as the process of taking over a company by another company or a business entity. In this process the acquiring company encourages the shareholders of the target company to sell the share of the target
Direct labor idle time variance can be defined as the cost of the standby time of the labor when production has come to halt due a number of technical and other reasons. The reasons including the halt of production time include lack of orders
Sales price variance can be defined as the measure of the change or alteration in the sales price revenue or profit that results due to the change or the variance that occurs between the actual sales price and the anticipated sales price. The formula
