What is an Anticipation Note? An anticipation note refers to a short-term municipal obligation issued to meet temporary financial needs. It is short-term because it has a duration of less than one year. Funds to pay of the principal of a note in the future are referred to as anticipated". Future long-term, taxes, government grants, principal repayme...

What is Strategic Planning? Remember, strategy entails planning the orientation of company resources and activities toward achieving company goals and objectives. The process for developing a strategy is known as strategic planning.  What is Strategic Management? The process for implementing a strategic plan through daily operations (actions and dec...

What is an Accounting Rate of Return (ARR)? The accounting rate of return represents the average net income which an asset is expected to generate divided by the average capital loss, expressed as an annual percentage or APR. This formula is used to make budgeting decisions and to evaluate the profitability of investments. The accounting rate of ret...

What is Situational Leadership? Situational leadership, often called contingency leadership, concerns how the context of an individual's actions relate to whether they are perceived as a leader or whether their attempts at leadership are effective. Contingency Leadership, Contextual Leadership, and Situational Leadership Situational leadership, cont...

What is a Privacy Policy? A company Privacy Policy explains the methods adopted by an organization in handling customers, clients, or employee details gotten in its operations. The Privacy Policy declares the policy of a firm or website in its collection of information and the release of that information about a website visitor. Usually, it declares...

What is a Certified Bank Auditor? An accounting professional who specializes in reviewing the financial records of financial institutions is called a Certified Bank Auditor (CBA). The focus of a CBA is the regulation, evaluation and auditing of financial records to ensure absolute compliance to accounting rules. The Banking Administration Institute ...

Public goods are said to have two characteristics. They are: Excludable Non-rivalrous What are Excludable Goods? An excludable good can be limited in terms of who can and access the good. Excludability is generally on a scale. That is, there are varying degrees to which the producer, owner, or governing body of a good may selectively limit access to...

What is a Tax Court? The Tax Court is a restricted or specialized court that handles tax-related disputes. Although the tax court has no jury system, the court handles a wide range of tax matters or issues. As established by the Congress of the United States, the tax court has jurisdiction over tax related matters or disputes. It serves as a platfor...

What is Devolvement? Devolvement refers to an act of passing ones duty to another or delegating to another. An individual can devolve the authority or responsibility to another person. In investment, devolvement is a situation in which an underwriter or underwriting firm is required to purchase the unsold shares in an undersubscribed issue. That is,...

What are the Disclosure Stages of the Registration Process? A company offering its shares for sales to public for the first time (an initial public offerings) must register with the SEC or perfect an exemption from registration. If the company must register, the ability to advertise or offer to sell securities to the public follows a process that is...