Income Smoothing
What is income smoothing and why is it important for businesses
Income smoothing is the process of evening out a business's income over time. This...
Accounting Theories
Inductive Logic, Authoritarian, and Decision-Usefulness Accounting Theories
In the past, a number of different accounting theories have been developed to explain how businesses operate. These...
Unlevered Cost of Capital
What is unlevered cost of capital and why is it important
Unlevered cost of capital (UCC) is the required rate of return on a firm's...
Swingline Loan
What is a Swingline Loan
A Swingline loan is a type of business loan that gives the borrower the ability to access a line of...
Junior Mortgage
What is a junior mortgage and how does it work
A junior mortgage is a loan that is secured by the property, but which has...
Additional Paid-In Capital
What Is Additional Paid-In Capital?
Additional Paid-in Capital is the premium a company receives from investors either at its initial public offering (IPO) or when...
Accrued Liability
What is an accrued liability
An accrued liability is a financial obligation that has been incurred but has not yet been paid. This can occur...
Loan Loss Provision
There are two fundamental approaches to loan loss provisioning: a negative approach and a discretionary approach. Negative provisioning is the most traditional approach, whereas...
Hybrid Arm
What is a hybrid arm and how does it work
A hybrid arm is a type of prosthetic arm that combines the best features of...