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The National Senior Certificate or NSC is the current matriculation (matric) certificate, with grade 12 as the matriculation grade. The NSC, previously known as the Further Education and Training Certificate or FETC, replaced the Senior Certificate effectively in 2008, having been phased in with grade 10 in 2006.
Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling in the financial field. In general, there exist two separate branches of finance that require advanced quantitative techniques: derivatives pricing on the one hand, and risk and portfolio ...
Recently there has been a push towards standardizing accounting rules made by the International Accounting Standards Board (IASB). IASB develops International Financial Reporting Standards that have been adopted by Australia , Canada and the European Union (for publicly quoted companies only), are under consideration in South Africa and other ...
Additionally, a peek operation can, without modifying the stack, return the value of the last element added. The name stack is an analogy to a set of physical items stacked one atop another, such as a stack of plates. The order in which an element added to or removed from a stack is described as last in, first out, referred to by the acronym LIFO.
During the accounting period any input is booked directly to the expense account. For example, if we buy materials the bookings are: material account = supplier account material expense account = material account At the end of the accounting period, at the stock-taking the booking will be material account = material expenses account
FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different ...
Luca Bartolomeo de Pacioli, O.F.M. (sometimes Paccioli or Paciolo; c. 1447 – 19 June 1517) [3] was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci, and an early contributor to the field now known as accounting.
On May 12, 2008, in the "Capital" section of its last 10-Q, IndyMac revealed that it may not be well capitalized in the future. [ 419 ] IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds—including $160 million (~$222 million in 2023 ...