Joint Venture
A joint venture is a temporary business arrangement where two or more entities pool resources to accomplish a specific project or activity. Each party shares profits, losses, and control as agreed in the contract. Joint ventures are common in construction, technology, and international business partnerships.
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Judgmental Forecasting
Judgmental forecasting relies on human insight, experience, and intuition to predict future financial outcomes when data is limited. Accountants and…
Journalizing
Journalizing is the process of recording financial transactions chronologically in a company’s journal before posting them to the ledger. Each…
Joint Cost
Joint cost refers to expenses incurred during a process that produces multiple products simultaneously, such as refining crude oil into…
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