Glossary
- 1933 Securities Act
The original federal legislation that regulated the trading of primary securities.
- 1934 Securities Exchange Act
An act that created the U.S. Securities and Exchange Commission and regulated the trading of securities in secondary markets.
- accounting exposure
See translation exposure.
- accounting identity
The basic accounting definition wherein assets always equal liabilities plus owners’ equity.
- accounts payable cycle
The average time it takes to pay suppliers after delivery.
- accounts receivable cycle
The average time it takes to collect from credit customers.
- accrual-based accounting
A process in which revenues or costs are recognized and recorded at the time of sale regardless of whether revenues have been received ...
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