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Post hoc ergo propter hoc (Latin: 'after this, therefore because of this') is an informal fallacy which one commits when one reasons, "Since event Y followed event X, event Y must have been caused by event X." It is a fallacy in which an event is presumed to have been caused by a closely preceding event merely on the grounds of temporal succession.
These include single-rule methods and variable size rule methods. [14] Single rule methods: 5% of pre-tax income; 0.5% of total assets; 1% of equity; 1% of total revenue. "Sliding scale" or variable-size methods: 2% to 5% of gross profit if less than $20,000; 1% to 2% of gross profit, if gross profit is more than $20,000 but less than $1,000,000;
The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone of the entire accounting science. Like any equation, each side will always be equal. In the accounting equation, every transaction will have a debit and credit entry, and the total debits ...
Principal component analysis (PCA) is a widely used method for factor extraction, which is the first phase of EFA. [ 4 ] Factor weights are computed to extract the maximum possible variance, with successive factoring continuing until there is no further meaningful variance left. [ 4 ] The factor model must then be rotated for analysis. [ 4 ]
Post hoc analysis. In a scientific study, post hoc analysis (from Latin post hoc, "after this") consists of statistical analyses that were specified after the data were seen. [1][2] They are usually used to uncover specific differences between three or more group means when an analysis of variance (ANOVA) test is significant. [3]
The Sarbanes–Oxley Act of 2002 is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations.The act, Pub. L. Tooltip Public Law (United States) 107–204 (text), 116 Stat. 745, enacted July 30, 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing ...
e. Generally Accepted Accounting Principles(GAAP)[a]is the accounting standardadopted by the U.S. Securities and Exchange Commission(SEC),[1]and is the default accounting standard used by companies based in the United States. The Financial Accounting Standards Board(FASB) publishes and maintains the Accounting Standards Codification(ASC), which ...
The phrase " correlation does not imply causation " refers to the inability to legitimately deduce a cause-and-effect relationship between two events or variables solely on the basis of an observed association or correlation between them. [ 1 ][ 2 ] The idea that "correlation implies causation" is an example of a questionable-cause logical ...