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Tip of the Day Index Funds are Your Friend

Index Funds are Your Friend - Every stock market or stock exchange offers indexed funds and these index funds are more beneficial to you as a new investor as they...

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Accounting

Definition: Accounting is a field that is responsible for generating financial reports about a company's performance and financial health.  These reports are used both in-house and by outside parties.

Advice: When it comes to investing, accounting is one of the most important fields to learn because it's important to be able to read financial statements.  Accounting in the US follows Generally Accepted Accounting Principles (GAAP).  Managerial accounting is used by people within the company to make financial decisions, while financial accounting is typically used by outside investors and lenders.

 

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Definition of the Day Proof Of Concept

Proof Of Concept – (Proof-of-concept) Referring to the types and applicability, reliability or evidence, verification, confirmation and corroboration, even substantiation, or resilience of data, fact etc. Also called POC, showing its usefulness and applications, features and possibilities, allowing to an extent no to low risk exposure and exploration, prospecting if...

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