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Accrued interest is the interest that has been earned on a bond, loan, or other financial obligation but has not yet been paid out to the holder. It accumulates between payment periods and is recorded as a liability or asset.

A tariff is a tax imposed by a government on goods and services imported from other countries. It is designed to increase the price of foreign products to protect domestic industries from competition or to generate revenue for the government.

An audit committee is a key part of a company's board of directors, responsible for overseeing financial reporting and ensuring transparency. This independent group works with both internal and external auditors to monitor financial statements, assess internal controls, and manage risks to...

To ace your booth, focus on creating a memorable experience. Use clear, eye-catching visuals and a strong brand message. Incorporate interactive elements like product demos, games, or a contest to draw people in. Train your staff to be engaging and friendly, not just sales-focused.

BambooHR offers two main tiers: Core and Pro. Core includes essential HR management, reporting, and hiring tools, while Pro adds performance management, employee experience features, and advanced reporting. Both plans and additional payroll/benefits solutions require a custom quote.

NetSuite is a cloud-based business management suite. It integrates various functions like ERP, CRM, and e-commerce into a single system. Businesses use it to automate financial, inventory, and operational processes, gaining real-time visibility to improve efficiency and decision-making.

The main purpose of bookkeeping is to systematically record, organize, and track all financial transactions of a business. This provides an accurate picture of financial health, essential for informed decision-making, tax filing, and regulatory compliance.

Corporate Debt Restructuring is a process where a struggling company renegotiates the terms of its existing debts with creditors to avoid default. This involves changing terms like interest rates, repayment schedules, or even reducing the total principal owed. The goal is to improve the...

Companies account for crypto as intangible assets (cost or fair value) under IAS 38 or as inventory if traded. Gains/losses are recorded upon sale. Disclosures include volatility risks and accounting policies.

Tax Avoidance is legal minimization of taxes (e.g., claiming deductions or investing in tax-free bonds). Tax Evasion is illegal (e.g., hiding income or falsifying records). Avoidance follows the law; evasion breaks it.

To delete your Cash App account: Open the app, tap the profile icon. Select "Support" → "Something Else". Choose "Account Settings" → "Close Account". Confirm deletion.

Accounts Receivable (AR) Days measures how quickly a company collects payments. Formula: AR Days= (Average Accounts Receivable/Net Credit Sales) x Number of Days Lower days = faster collections.

The salary of a CFO (Chief Financial Officer) varies widely, typically ranging from $150,000 to $500,000 annually, depending on the company’s size, location, and industry. Bonuses, stock options, and other incentives can significantly increase total compensation.

An income statement includes revenues, cost of goods sold (COGS), gross profit, operating expenses, and net income. It shows a company’s financial performance over a specific period, highlighting profitability, expenses, and earnings before and after taxes.

Financial statements include the balance sheet, showing assets, liabilities, and equity at a specific time, and the income statement, detailing revenues and expenses over a period.