Information – Page 14 – itho's internet resources

Accounting Information System (AIS): Definition and Benefits

By Itho November 15, 2010

[ad_1] What is an Accounting Information System (AIS)? An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report…

Electronic Fund Transfer Act (EFTA): Definition and Requirements

By Itho November 15, 2010

[ad_1] What Is the Electronic Fund Transfer Act (EFTA)? The Electronic Fund Transfer Act (EFTA) is a federal law that protects consumers when they transfer funds electronically, including through the…

Economic Life: Definition, Determining Factors, Vs. Depreciation

By Itho November 15, 2010

[ad_1] What is Economic Life? Economic life is the expected period of time during which an asset remains useful to the average owner. When an asset depreciates to the point…

Cost-Plus Contract: Definition, Types, and Example

By Itho November 12, 2010

[ad_1] What Is a Cost-Plus Contract? A cost-plus contract is an agreement made between a project owner and a contractor to reimburse the contractor for expenses incurred and to add…

What Is a Budget Surplus? Impact and Pros & Cons

By Itho November 9, 2010

[ad_1] What Is a Budget Surplus? A budget surplus occurs when a business or government's revenue exceeds its expenses during its fiscal year. Strong growth, high tax or sales revenue,…

Command Economy Explained: Definition, Characteristics, and Functionality

By Itho November 1, 2010

[ad_1] What Is a Command Economy? A command economy, or planned economy, is a system where a central governmental authority controls the production levels and pricing for goods and services,…