Terms starting with
Quality of Earnings
Quality of earnings refers to how sustainable and reliable a company’s earnings are. High-quality earnings stem from core operations, not one-time events or aggressive accounting.…
READ MOREQualified Retirement Plan
A qualified retirement plan meets the requirements set by tax authorities (like IRS or HMRC) for favourable tax treatment. Examples include 401(k) and pension plans.…
READ MOREQuota
In accounting and finance, a quota refers to a set sales or production target. It’s commonly used in budgeting, forecasting, and performance measurement. Meeting or…
READ MOREQuoted Price
A quoted price is the current market price for a security, asset, or commodity, as listed on an exchange or agreed upon in a contract.…
READ MOREQuantity Variance
Quantity variance is the difference between the actual quantity of materials used and the standard quantity expected, multiplied by the standard cost. It helps businesses…
READ MOREQualified Audit
A qualified audit indicates that an auditor has found limitations in the scope of the audit or deviations from accounting standards. While the financials are…
READ MOREQuarter-End Closing
Quarter-end closing is the accounting process conducted at the end of each fiscal quarter to finalise books, reconcile accounts, and prepare interim financial reports. It…
READ MOREQualified Opininon
A qualified opinion is an auditor’s report stating that, except for specific reservations, the financial statements are fairly presented. It’s issued when there’s a material…
READ MOREQuick Ratio
The quick ratio measures a company’s short-term liquidity by comparing quick assets to current liabilities. It’s calculated as (Cash + Marketable Securities + Accounts Receivable)…
READ MOREQuick Assets
Quick assets are current assets that can be converted into cash quickly, usually within 90 days. They include cash, marketable securities, and accounts receivable but…
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