Table of Contents
10 relations: Accounting standard, Amortization (accounting), Balance sheet, Deferral, Deferred acquisition costs, Financial Accounting Standards Board, Groupon, Initial public offering, Insurance, Revenue.
Accounting standard
Publicly traded companies typically are subject to rigorous standards.
See ACSOI and Accounting standard
Amortization (accounting)
In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or the passage of time.
See ACSOI and Amortization (accounting)
Balance sheet
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
Deferral
A deferral, in accrual accounting, is any account where the income or expense is not recognised until a future date (accounting period), e.g. annuities, charges, taxes, income, etc.
Deferred acquisition costs
In insurance, deferred acquisition costs (DAC) is an asset on the balance sheet representing the deferral of the cost of acquiring new insurance contracts, thereby amortising the costs over their duration.
See ACSOI and Deferred acquisition costs
Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest.
See ACSOI and Financial Accounting Standards Board
Groupon
Groupon, Inc. is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 countries.
Initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors.
See ACSOI and Initial public offering
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.