Settlement with balances – what is it and what does it consist of?
Balance settlement is one of the popular ways of settling accounts between different business entities. This process is…
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Finance
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Scheduled settlement – what is it? Definition of the term
Scheduled settlement is a form of financial arrangement that allows the parties to make payments on an agreed…
Double entry rule – what is it? Definition of the concept
The double-entry rule is an important and necessary part of the accounting system that provides reliable information about…
Revenues and profits – what are they? Definitions of terms
Revenue and profit are two concepts that are very often confused. While they may seem to be the…
Financial income – what is it? Definition of the concept
Financial income is one of the basic concepts in finance. They involve the accumulation of income from various…
Work in progress – what does it mean? Definition of the term
Work-in-progress is a term used in the manufacturing market and refers to all products that are in production.…
Leverage – definition of the concept, application
Leverage is a tool that allows investors to multiply their returns with a minimal investment. This is possible…
Loan – what exactly is it? Types of loans
A loan is a type of financing in which one party transfers a certain amount of money to…
Other operating income – what is it?
Other operating income is an important part of all company operations. They help reduce operating costs, increase profits…
Other operating expenses – what are they?
Other operating expenses are an important component of any company’s financing and affect its financial performance. Therefore, companies…