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A living wage is the minimum income necessary for a worker to meet basic needs, including housing, food, healthcare, and transportation...

Fidelity layoffs refer to recent job cuts by Fidelity International and Fidelity Investments as part of cost-saving and restructuring...

Bookkeeping is the process of recording daily financial transactions, while accounting involves interpreting, classifying, analyzing...

Expense accounts do not appear on the balance sheet. The balance sheet shows assets, liabilities, and equity, which represent financial...

An auditor's report is a formal opinion issued by an independent auditor after examining a company’s financial statements. It states...

Phantom tax is a tax on income you haven’t actually received in cash, like profits from a business or forgiven debt. You owe taxes on it...

Delaware is one of the few U.S. states with no state sales tax. This makes it an attractive location for shoppers and businesses, as...

Depreciation is considered an operating expense because it represents the systematic allocation of the cost of a tangible asset over its...

An acquisition is when one company purchases most or all of another—by buying its shares or assets—to gain control, expand market...

CFO stands for Chief Financial Officer, the senior executive responsible for overseeing a company’s financial health—managing budgeting...

Form 16 is a certificate issued by an employer that shows the salary paid and tax deducted (TDS) during the financial year. It is...

Good account management involves building strong, trust-based relationships with clients while ensuring their needs are consistently...

EV (Expected Value) is calculated by multiplying each possible outcome by its probability and then summing those products. The formula...

In ETL (Extract, Transform, Load) batch processing, an audit table is used to track the status, progress, and history of data...

SAP software is an enterprise resource planning (ERP) system used by businesses to manage operations like finance, supply chain, human...