Auditors' Opinion
01 May 2008The auditors opinion is the most important part of the audit report that is provided with company accounts. The auditor will give an opinion that is unqualified, qualified, or adverse. The audit...
MONEYTERMS
MONEYTERMS:
business-sense
Average
01 May 2008Averaging down is buying more of a security an investor has already bought at a higher price. Because of the unit cost averaging effect, averaging down leads to an average price closer to the curre...
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business-sense
Agreed Takeover Bid
25 Apr 2008An agreed takeover bid, as opposed to a hostile one, is a bid that is recommended to the shareholders by the directors of the company being bought. Although it is common for the directors of the ta...
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business-sense
Creative Accounting
25 Apr 2008Creative accounting, also called aggressive accounting, is the manipulation of financial numbers, usually within the letter of the law and accounting standards, but very much against their spirit and ...
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business-sense
Agency Theory
25 Apr 2008Agency theory is the branch of financial economics that looks at conflicts of interest between people with different interests in the same assets. This most importantly means the conflicts between: ...
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business-sense
Agency Cross
25 Apr 2008A transaction in a security is an agency cross if a broker matches orders between two of its clients directly, rather than through the market. The broker collects a commission from each client, jus...
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