Employee Liabilities
Amounts owed by a company to its employees or on their behalf. This includes unpaid wages, accrued vacation, payroll taxes, and pension contributions. These are recorded as current liabilities and must be settled in the near term to remain compliant.
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Endowment Fund
An endowment fund consists of donations or capital set aside to generate ongoing income for a specific purpose commonly used…
Entity Concept
The entity concept states that a business must be treated as a separate economic unit from its owners or stakeholders.…
Economic Value Added (EVA)
Economic Value Added measures how much value a business generates beyond the cost of its capital. It is calculated as…
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