Combined Ratio
The combined ratio of two or more ratios is the ratio of the combined or total number of units to the combined or total number of units in the given ratios. Formula for Combined Ratio: Combined Ratio = a/b = (a1/b1) + (a2/b2) + … where: Steps to Find Combined Ratio: Example: Find the combined […]
Trading Psychology
Trading psychology refers to the emotional and psychological factors that influence an investor’s trading decisions. It encompasses a wide range of factors, including: 1. Risk Tolerance:– Tolerance for losses and gains- Ability to withstand volatility- Willingness to take on risk 2. Trading Style:– Day trading vs. swing trading vs. position trading- Fundamental vs. technical analysis- […]
Niti Aayog
Initiating the Aayog: Step 1: Define the Purpose:– Clearly articulate the purpose of the Aayog, its goals, and objectives.- Consider the specific areas where the Aayog will focus. Step 2: Select Members:– Appoint members who are experts in their respective fields and have a strong understanding of the Aayog’s purpose.- Ensure diversity of thought and […]
Treasury Stock
Treasury stock is a term used in accounting to describe the securities that a company has purchased from its own treasury. These securities are often used to manage cash flow and liquidity. Types of Treasury Stock: Reasons for Purchasing Treasury Stock: Accounting Treatment: Treasury stock is generally accounted for at cost and is not recorded […]
Practice Management
Practice management is the process of managing the operations of a professional service firm, such as a law firm, accounting firm, or consulting firm. It encompasses a wide range of tasks, including: Key Components of Practice Management: 1. Client Management:– Relationship building and maintenance- Client intake and onboarding- Client service delivery- Client billing and collections […]
Hard Inquiry
A hard inquiry is a type of credit report inquiry that is initiated by a lender or other credit grantor, typically in response to a specific loan application or credit report dispute. Key Characteristics of Hard Inquiries: Examples of Hard Inquiries: Impact on Credit Score: Hard inquiries can temporarily lower your credit score because they […]
Voluntary Conveyance
A voluntary conveyance is a transfer of land ownership that is initiated by the owner of the land and is made with the owner’s consent. It is typically accomplished through a deed, which is a legal document that formally records the transfer of ownership. Key Elements of Voluntary Conveyance: Types of Voluntary Conveyances: Legal Requirements: […]
Service Level Agreement (SLA)
Effective Date: [Date] Parties: Purpose: This Service Level Agreement (SLA) defines the expected service standards and performance metrics for the services provided by the Service Provider to the Company. It aims to ensure that both parties meet their respective obligations and that the services are delivered in accordance with agreed-upon standards. Services Covered: [List of […]
Counterparty Risk
Counterparty risk is the risk that a counterparty (a party to a transaction or agreement) may fail to fulfill its obligations under the agreement, resulting in financial loss or damage to the other party. Sources of Counterparty Risk: Examples of Counterparty Risk: Mitigation Strategies for Counterparty Risk: Importance of Counterparty Risk Management: Counterparty risk management […]
Deferred Tax Liability
Deferred tax liability is a tax liability that is not paid when the income is earned but is paid in the future when the income is realized. It is typically incurred on assets that are not yet taxable, such as depreciation of equipment. Causes of Deferred Tax Liability: Examples of Deferred Tax Liability: Accounting Treatment: […]
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