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ARTICLES RELATED TO List of accounting topics | |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Definitions of economicsBroadly speaking, economics is a social science, and its area of study is human activity involved in meeting needs and wants. However, beyond this there are a range of definitions, past and present which have been applied, first to the term political economy and then to the modern term economics. John Maynard Keynes once remarked that "Economics is the science of thinking." Broadly the history of the study moved from the study of "wealth" to "welfare" to the idea studying trade-offs.
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See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economics, Economics - New-Keynesian economics, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Definitions of economics |
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 |  |  | List of accounting topics: Encyclopedia II - Liability - In accountingIn accounting, a financial liability is something that is owed to another party. This is typically contrasted with an asset which is something of value that you own. It is said, "assets put cash in your pocket, liabilities take cash out of your pocket." The basic accounting equation relates assets, liability, and capital (or equity) thus:
liabilities + equity = assets
where assets are what you own, liabilities are what you owe to others, and equity i ...
See also:Liability, Liability - In accounting, Liability - Clasification of liabilities, Liability - In law, Liability - An example from both accounting and law Read more here: » Liability: Encyclopedia II - Liability - In accounting |
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 |  |  | List of accounting topics: Encyclopedia II - Chartered accountant - CA in United KingdomIn the United Kingdom, there are five accounting bodies authorised by the Department of Trade and Industry under the Companies Acts to audit the accounts of a business as Registered Auditors. A member of these bodies will generally be known as a graduate member after passing all the necessary exams and then become an Affiliate, Associate or Fellow. Their counterpart in U.S.A is called American CPA or CPA of individual state board of accountancy (without mutual recognition agreement at Federal level). He or she should have been ...
See also:Chartered accountant, Chartered accountant - CA in United Kingdom, Chartered accountant - CA in Australia, Chartered accountant - Constitution, Chartered accountant - Regional Councils, Chartered accountant - Becoming a Chartered Accountant, Chartered accountant - Professionalism, Chartered accountant - Membership, Chartered accountant - Further Information, Chartered accountant - EU accountants, Chartered accountant - Canadian accounting bodies, Chartered accountant - South Africa, Chartered accountant - India Read more here: » Chartered accountant: Encyclopedia II - Chartered accountant - CA in United Kingdom |
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 |  |  | List of accounting topics: Encyclopedia II - Business - Types of BusinessesThere are many types of businesses, and, as a result, businesses can be classified in many ways. One of the most common focuses on the primary profit-generating activities of a business, for example:
Manufacturers produce products, from raw materials or component parts, which they then sell at a profit. Companies that make physical goods, such as cars or pipes, are considered manufacturers.
Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provi ...
See also:Business, Business - Types of Businesses, Business - Business departments, Business - Business and Government, Business - Business and Management Read more here: » Business: Encyclopedia II - Business - Types of Businesses |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Definitions of economicsBroadly speaking, economics is a social science, and its area of study is human activity involved in meeting needs and wants. However, beyond this there are a range of definitions, past and present which have been applied, first to the term political economy and then to the modern term economics. John Maynard Keynes once remarked that "Economics is the science of thinking." Broadly the history of the study moved from the study of "wealth" to "welfare" to the idea studying trade offs.
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See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economists, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Definitions of economics |
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 |  |  | List of accounting topics: Encyclopedia II - Bond - Trading and valuing bondsThe interest rate that the issuer of a bond must pay is influenced by a variety of factors, such as current market interest rates, the length of the term and the credit worthiness of the issuer. Since these factors are likely to change over time, the market value of a bond can vary after it is issued. Because of these differences in market value, bonds are priced in terms of percentage of par value. Bonds are not necessarily issued at par (100% of face value, corresponding to a price of 100), but all bond prices converge to par at the moment ...
See also:Bond, Bond - Issuers, Bond - Issuing bonds, Bond - Features of bonds, Bond - Types of bond, Bond - Trading and valuing bonds, Bond - See, Bond - Investing in bonds, Bond - Arguments against bonds Read more here: » Bond: Encyclopedia II - Bond - Trading and valuing bonds |
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 |  |  | List of accounting topics: Encyclopedia II - Bond - Investing in bondsBonds are bought and traded mostly by institutions like pension funds, insurance companies and banks. Most individuals who want to own bonds do so through mutual funds. Still, in the U.S., nearly ten percent of all bonds outstanding are held directly by households.
Bonds are generally viewed as safer investments than stocks, but this perception is only partially correct. Bonds do suffer from less day-to-day volatility than stocks, and bonds' interest payments are higher than dividend payments that the same company would generally choo ...
See also:Bond, Bond - Issuers, Bond - Issuing bonds, Bond - Features of bonds, Bond - Types of bond, Bond - Trading and valuing bonds, Bond - See, Bond - Investing in bonds, Bond - Arguments against bonds Read more here: » Bond: Encyclopedia II - Bond - Investing in bonds |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Economics and other disciplinesThere is some tension between economics and theories of ethics, historically a branch of philosophy, which emphasizes how people ought to conduct ourselves and balances of rights and duties. Modern economics deals with this tension explicitly: According to some thinkers such as Mr. John Syko, a theory of economics is also, or implies also, a theory of moral reasoning. One way economists deal with this is to qualify discussions of economic choice by noting the qualifier ceteris paribus ("all other things held constant...") referring to moral or social factors that are (for the sake of a ...
See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economics, Economics - New-Keynesian economics, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Economics and other disciplines |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Schools of economic thoughtThere have been different and competing schools of economic thought pertaining to capitalism from the late 18th century to the early day. Important schools of thought are Mercantilism, Kameralism, Physiocracy, Manchester school, Protectionism, Fiscalism, Monetarism, Classical economics, Marxian economics, Keynesian economics, Post-Keynesian economics, Neoclassical economics, Institutional economics, Austrian School, Evolutionary economics, Dependency theory, World systems theory, and New classical economics.
See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economics, Economics - New-Keynesian economics, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Schools of economic thought |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Economic assumptions
Economics - Supply and demand.
Main article: Supply and demand.
In microeconomic theory supply and demand attempts to describe, explain, and predict the price and quantity of goods sold in competitive markets. It is one of the most fundamental economic models, ubiquitously used as a basic building block in a wide range of more detailed economic models and theories.
To define, Demand is the utility maximising choice of a consumer. It is a strong desire backed by purchasing power ...
See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economists, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Economic assumptions |
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 |  |  | List of accounting topics: Encyclopedia II - Economics - Economic language and reasoningEconomics relies on rigorous styles of argument. Economic methodology has several interacting parts:
Collection of economic data. These data consist of measurable values of price and changes in price, for measurable commodities. For example: the cost to hire a worker for a week, or the cost of a particular commodity, and how much is typically used.
Formulation of models of economic relationships, for example, the relationship between the general level of prices and the general level of employment. This includ ...
See also:Economics, Economics - Definitions of economics, Economics - Wealth definition, Economics - Welfare definition, Economics - Scarcity definition, Economics - Areas of study in economics, Economics - Economic assumptions, Economics - Supply and demand, Economics - Price, Economics - Scarcity, Economics - Marginalism, Economics - Value, Economics - Economic language and reasoning, Economics - Development of economic thought, Economics - Schools of economic thought, Economics - Modern 'mainstream' economics, Economics - Neoclassical economics, Economics - Post-Keynesian economics, Economics - New-Keynesian economics, Economics - Other alternatives, Economics - Economics and other disciplines Read more here: » Economics: Encyclopedia II - Economics - Economic language and reasoning |
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