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Learn Financial and Managerial Accounting for Free

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Accounting Definitions

Knowledge Process Outsourcing

Jennifer edwards September 29, 2014 0Comments

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…

Accounting Definitions

Knowledge Economy

Jennifer edwards September 29, 2014 0Comments

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…

Accounting Definitions

Knowledge Capital

Jennifer edwards September 29, 2014 0Comments

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…

Accounting Definitions

Pooled Cost of Funds

Jennifer edwards September 27, 2014 0Comments

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…

Accounting Conventions Accounting Definitions

Operating Income before Depreciation and Amortization OIBDA

Jennifer edwards September 26, 2014 0Comments

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…

Accounting Definitions

Operating Lease

Jennifer edwards September 26, 2014 0Comments

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…

Accounting Definitions

Operating Loss

Jennifer edwards September 26, 2014 0Comments

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…

Accounting Definitions

Accounting Theory

Jennifer edwards September 25, 2014 0Comments

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 Definitions

Optimization

Jennifer edwards September 24, 2014 0Comments

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…

Accounting Definitions

Open Market Transaction

Jennifer edwards September 24, 2014 0Comments

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…

Accounting Definitions

Open Interest

Jennifer edwards September 24, 2014 0Comments

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…

Accounting Definitions

Open Market Rate

Jennifer edwards September 24, 2014 0Comments

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…

Accounting Definitions

Open End Mortgage

Jennifer edwards September 23, 2014 0Comments

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…

Accounting Definitions

Open Ended Management Company

Jennifer edwards September 23, 2014 0Comments

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…

Accounting Definitions

Open Ended Investment Company

Jennifer edwards September 23, 2014 0Comments

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…

Accounting Conventions Accounting Definitions Mergers and Acquisitions

Takeover Bid

Jennifer edwards September 22, 2014 0Comments

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…

Accounting Definitions

Direct Labor Idle Time Variance

Jennifer edwards September 22, 2014 0Comments

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…

Accounting Definitions

Sales Price Variance

Jennifer edwards September 22, 2014 0Comments

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…

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Accounting Definitions

Inventory Audit Method

Accounting Definitions

Above the Line Deduction

Accounting Definitions

Ability to Pay Taxation

Accounting Definitions

Abatement

Accounting Details

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