A discretionary account is a type of investment account that allows an authorized broker to buy and sell securities on the client's behalf.

The modified cash basis incorporates elements of both the cash and accrual accounting methods.

There are several significant differences between financial accounting and managerial accounting, including why one is highly uniform and the other is distinct.

Modified book value is an asset-based method of calculating a company's worth by adjusting the value of its assets and liabilities to their fair market value.

Shareholder equity (SE) is the claim of a company's owners after total liabilities are subtracted from total assets.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) is frequently used interchangeably with cash flow; however, they differ significantly.

Cash Return On Gross Investment (CROGI) is a financial performance indicator that measures the cash flow generated by a company with its invested capital.

A financial asset is a non-physical, liquid asset that represents a claim of ownership of an entity or contractual rights to future payments and derives its value from them. Financial assets include stocks, bonds, cash, and bank deposits.