Keyman Insurance
Keyman insurance is a policy taken by a business to protect against the financial loss that may occur due to the death or disability of a key employee or executive. The premium is treated as a business expense, while any claim received is generally taxable income.
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Knockdown Cost
Knockdown cost refers to the total landed cost of goods received in an unassembled form, including purchase price, freight, insurance,…
Kickoff Balance
A kickoff balance is the initial balance used when setting up a new accounting system or beginning a new financial…
Knowledge Process Outsourcing (KPO)
KPO involves outsourcing high-end analytical or financial services such as valuation, financial modeling, and risk management. In accounting, KPO providers…
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