Typically, fair value is the current price for which an asset could be sold on the open market. Book value usually represents the actual price that the ow...

Definition of a Stock Register. The purpose of the stock register database is to keep a record of the history of a company’s security trades. This databas...

Capital budgeting is vital in marketing decisions. Decisions on investment, which take time to mature, have to be based on the returns which that investme...

A sneeze expels air forcibly from the mouth and nose in an explosive, spasmodic involuntary action. This action allows for mucus to escape through the nas...

Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the orig...

1a : continuing forever : everlasting perpetual motion. b(1) : valid for all time a perpetual right. (2) : holding something (such as an office) for life ...

The greatest advantage to spreadsheets comes from their most useful tool: mathematical formulas. Spreadsheet cells can be set up with formulas which can c...

Non-cash assets such as equipment and prepaid expenses should be recorded at current market values. Partners are sometimes given an ownership interest bas...

The value of a tax shield is calculated as the amount of the taxable expense, multiplied by the tax rate. Thus, if the tax rate is 21% and the business ha...

The most common accountancy approach used to manage petty cash is the ‘imprest’ system. This involves an employee being given the role of ‘custodian’ and ...