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A look at some key accounting terms (and glossary) for the not-for-profit sector

Accounting for Good

The post A look at some key accounting terms (and glossary) for the not-for-profit sector first appeared on ACCOUNTING FOR GOOD.

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Liquidation vs Going-Concern Value: What’s Right for a Distressed Business?

RogerRossmeisl

The key differences The International Valuation Glossary — Business Valuation defines going-concern value as “a premise of value that assumes the business is an ongoing commercial enterprise with a reasonable expectation of future earning power.” The glossary identifies two types of liquidation value: 1.

CPA 121
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How Business Valuators Estimate the DLOM in a Volatile Market

RogerRossmeisl

DLOM basics Marketability is the ability to quickly or readily convert property to cash at minimal cost, according to the International Valuation Glossary — Business Valuation. Also implied is a high degree of certainty that an expected selling price will be realized.

CPA 227
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Valuing Goodwill in Divorce: Recent Cases Provide Insight

RogerRossmeisl

Key definitions According to the International Valuation Glossary — Business Valuation, “Goodwill can arise as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” A business interest may possess two types of goodwill: Business (or entity) goodwill.

CPA 201
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The firm structures of the future

Accounting Today

A glossary of all the new or newly popular ways accountants are organizing their practices.

Account 80
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Valuing Synergies

RogerRossmeisl

According to the International Valuation Glossary — Business Valuation, synergistic value is “the result of a combination of two or more assets or interests where the combined value is more than the sum of the separate values.”. When selling a business, it makes sense to find a buyer who’s willing to pay the highest possible price.

CPA 140
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What Do All Those Employee Benefits Acronyms Stand For? (Part 2 of 3)

ThomsonReuters

For simple, easy-to-understand definitions of these terms, see the Glossaries in EBIA’s COBRA , HIPAA , and Group Health Plan Mandates manuals. EBIA’s Glossary is also available on Checkpoint and in print versions of each manual. USERRA – Uniformed Services Employment and Reemployment Rights Act.

Tax 98