income smoothing — The manipulation by companies of certain items in their financial statements so that they eliminate large movements in profit and are able to report a smooth trend over a number of years. The practice is pursued because of the belief that… … Accounting dictionary
income smoothing — The manipulation by companies of certain items in their financial statements so that they eliminate large movements in profit and are able to report a smooth trend over a number of years. The practice is pursued because of the belief that… … Big dictionary of business and management
Consumption smoothing — is the economic concept used to express the desire of people for having a stable path of consumption. Since Milton Friedman s permanent income theory (1956) and Modigliani and Brumberg (1954) life cycle model, the idea that agents prefer a stable … Wikipedia
Reinsurance — is a means by which an insurance company can protect itself against the risk of losses with other insurance companies. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes,… … Wikipedia
Suits index — The Suits index of a public policy is a measure of collective progressivity,Measurement of Tax Progressivity Daniel B. Suits The American Economic Review, Vol. 67, No. 4 (Sep., 1977), pp. 747 752] named for economist Daniel B. Suits. Similar to… … Wikipedia
cookie jar accounting — n. The corporate accounting practice of taking a reserve to reduce profits in good years and then using that reserve to increase profits in bad years. Also: cookie jar accounting. Example Citation: Providing further evidence of warming relations… … New words
Accounting Cushion — The overstatement of a company’s expense provision, in order to create a cushion for future results. A company can use this to artificially understate income in the current period by overstating liability or allowance accounts. This will… … Investment dictionary
Cookie jar — This article is about a jar that holds cookies. For other uses, see Cookie jar (disambiguation). Cookie jars are utilitarian or decorative ceramic or glass jars often found in American and Canadian kitchens. In the United Kingdom, they are known… … Wikipedia
Cookie Jar Accounting — An accounting practice in which a company uses generous reserves from good years against losses that might be incurred in bad years. Cookie jar accounting is a sign of misleading accounting practices. This gives the sense of income smoothing ,… … Investment dictionary
Cosmetology — Not to be confused with Cosmology. Cosmetology class in California, 1946 Cosmetology (from Greek κοσμητικός, kosmētikos, skilled in adornment ;[1] and λογία … Wikipedia
