Unearned Revenue
Unearned revenue is money received before a product is delivered or a service is provided. It’s recorded as a liability on the balance sheet because the business still owes the service or goods. As the obligation is fulfilled, it is gradually recognised as earned revenue on the income statement.
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Utilization Rate
Utilization rate measures how effectively a company uses its available resources, such as labour hours or machinery capacity. It is…
Usury
Usury refers to the practice of charging excessively high interest rates on loans beyond legally permitted limits. While primarily a…
Upstream Transaction
An upstream transaction occurs when a subsidiary sells goods or services to its parent company. In consolidated financial statements, unrealised…
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