The distortion that is caused in a company’s financial statements due to accounting rules and regulations that must be followed. Accounting noise makes it difficult for investors to easily ascertain a company’s true financial condition. Accounting noise can make a company's financial reports look better or worse. Accounting noise can be seen as either a consequence of necessary rules regarding generally accepted accounting principles (GAAP) or a result of management's attempts to massage the numbers to present a rosier financial picture of the firm. Paying attention to the footnotes can help an investor cut through the accounting noise and get the real story.For example, a company that has recently undergone a significant merger may look very unprofitable on the income statement because the merger may cause serious one-time charges for the company; it may be useful for investors to cut through the accounting noise to get a more accurate picture of the company's prospects. Conversely, an underperforming company could engage in earnings manipulation, creating accounting noise to hide its poor performance.
1. A calculation tool used by sliding counters along rods or grooves, used to perform mathematical functions. In addition to calculating the basic functions of addition, subtraction, multiplication and division, the abacus can calculate roots up to the cubic degree.2. A semi-annual accounting journal published and edited by the University of Sydney. Published in 1965, this journal covers all areas of accounting. It is believed that the abacus was first used by the Babylonians, as early as 2,400 B.C. Since that time, the physical structure of abaci have changed. However, the idea has survived almost five millenia, and is still being used today.The Chinese and Japanese use different finger techniques with their abaci. The Chinese use three fingers (thumb, index, and middle) to move the beads; while the Japanese only use their thumb and index fingers.
A slang term used to describe a significant amount of money. The amount implied typically depends on the person, company or situation. We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million!If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630.
Slang used to refer to an "unofficial rule" under which the banking industry once operated, which alludes to it being noncompetitive and simplistic.The 3-6-3 rule describes how bankers would give 3% interest on depositors' accounts, lend the depositors money at 6% interest and then be playing golf at 3pm. This alludes to how a bank's only form of business is lending out money at a higher rate than what it is paying out to its depositors. Many attribute the problems faced by the banking industry during the events that lead up to the Great Depression as reasons why the government implemented tighter banking regulations. These regulations controlled the rates at which banks can lend and borrow money. Unfortunately, the regulations made it difficult for banks to compete with each other and the banking industry became stagnant. However, with the loosening of banking regulations and the widespread adoption of information technology such as the internet, banks now operate in a much more competitive and complex manner. For example, banks are now providing insurance, brokerage and other forms of financial services.
A slang term describing electronic messages from a company's executives that are of little value to the employee who has received it because it pertains to personnel that the employee is not involved with or projects that the employee does not work on. Adminispam is formed by the combination of the words "administration" and "spam," with the latter referring to unwanted communication. Adminispam messages highlight a disconnect between an administration's goal of remaining important in the eyes of the general employees and providing poignant messages that communicate necessary information. By sending a message to all employees that should have been sent to a small few, administrators clog up inboxes and can create a scenario in which future, and possibly important, emails from administrators are automatically disregarded.
A selling strategy in which the way a product or service is presented varies according to the type of consumer viewing it. Adaptive selling takes into account the situation in which the product or service is presented, the demographics of the consumer and feedback that has been received about the product or service. Adaptive selling can be an expensive strategy to use in retail, and thus is typically found in more upscale stores. The higher level of personalization requires better-trained personnel who are more costly. Adaptive selling has been effectively used in e-commerce, as computer algorithms are quickly able to see the products that a visitor views or ultimately purchases and can adapt to offer products the customer might also be interested in.
A method of budgeting in which the activities that incur costs in every functional area of an organization are recorded and their relationships are defined and analyzed. Activities are then tied to strategic goals, after which the costs of the activities needed are used to create the budget. Activity based budgeting stands in contrast to traditional, cost-based budgeting practices in which a prior period's budget is simply adjusted to account for inflation or revenue growth. As such, ABB provides opportunities to align activities with objectives, streamline costs and improve business practices. By looking at the cost structure of an organization via the processes that are actually being performed, managers can more effectively analyze the profit potential of a company's products and services. Cost efficiencies can be found by comparing activities performed in different areas of the organization and consolidating or rerouting certain functions. At its essence, activity-based budgeting begins by looking at results and the activities that created them, as opposed to cost-based budgeting, which often begins with raw input and material and works outward. ABB can also help firms create more accurate financial forecasts.
This refers to the physical location in a brokerage where securities are kept. These securities are usually held as collateral for customers' margin positions. Also known as open box.
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