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Original Issue Discount (OID) is a type of interest that is not payable as it accrues. OID is normally created when a debt, usually a bond, is issued at a discount.In effect, selling a bond at a discount converts stated principal into a return on investment, or interest.
Painting depicting bankers in an Italian counting house in the 14th century, from the Cocharelli Codex. A counting house, or counting room, was traditionally an office in which the financial books of a business were kept. [1]
IFRS 9 began as a joint project between IASB and the Financial Accounting Standards Board (FASB), which promulgates accounting standards in the United States. The boards published a joint discussion paper in March 2008 proposing an eventual goal of reporting all financial instruments at fair value, with all changes in fair value reported in net income (FASB) or profit and loss (IASB). [1]
Deal origination [1] largely depended on a broad network of contacts and a good reputation. Having an industry-specific knowledge and an idea of similar deals taking place in the market was considered an added advantage with respect to placing a bid. The traditional deal origination method establishes direct relationships with owners of companies.
Key takeaways. Mortgage origination is the process through which the lender creates your loan. Steps in the mortgage origination process include getting preapproval, applying for the loan, waiting ...
Reconciliation in accounting is not only important for businesses, but may also be convenient for households and individuals. It is prudent to reconcile credit card accounts and checkbooks on a regular basis, for example. This is done by comparing debit card receipts or check copies with a person's bank statements. Benefits of reconciling:
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
From January 2008 to December 2012, if you bought shares in companies when F. Duane Ackerman joined the board, and sold them when he left, you would have a 32.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.