Technical terms
The established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Where a firm charges a high price for an item and later when the item’s popularity has passed, sell it to customers by giving discounts or through clearance...
A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the comp...
The decrease in an asset's net carrying value that exceeds the future undisclosed cash flow it should generate. Net carrying value is an asset's acq...
Implied terms are not explicitly stated, compared to express terms, because they are obvious to both parties to the contract.
Form of financial accounting system, where a fixed amount is reserved, where after a certain period of time or when circumstances require, it will be replen...
An economic data figure reflecting price or quantity compared with a standard or base value. The base usually equals 100 and the index number is usually exp...
A statistical measure of changes in a representative group of individual data points. These data may be derived from any number of sources, including compan...
Costs that are not directly accountable to a cost object, like the transportation of labour to the working site, temporary roads, maintenance of records, pa...