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Encyclopedia results for Account of profits

Account of profits





Encyclopedia results for Account of profits

  1. Account of profits

    Judicial remedies An account of profits sometimes referred to as an accounting for profits or simply an accounting is a type of equitable remedy most commonly used in cases of breach of fiduciary duty. ref Black s Law Dictionary , 7th ed. 1999 ref It is an action taken against a defendant to recover the profit accounting profit s taken as a result of the breach of duty, in order to prevent unjust enrichment . In conducting an account of profits, the plaintiff is treated as if they were conducting the business of the defendant, and made those profits which were attributable to the defendant s wrongful actions. This can be rather complex in practice, because the defendant s accounting records must be examined sometimes by a forensic accountant to determine what portion of his gross profits were derived to the wrongful act in question. ref http www.mondaq.com article.asp?articleid 44776 Leigh Ellis, Theory into Action Calculating Damages Payments and Accounts of Profits in Patent Cases ref Historically an account was not an equitable remedy, but was an action at common law, and is therefore technically an instrument of law, though it arose at a time before the distinction between law and equity was marked. ref National Trust Co. v. H & R Block Canada Inc., 2003 SCC 66. ref Co owners in concurrent estate s also have the right to an accounting of profits, in order to properly apportion ... the extent of an account of profits ref Hospital Products Ltd. v United States Surgical Corporation ref To account not of the entire business but of the particular benefits which flowed to him in breach of his duty To account for the entire business and its profits, due allowance being made for the time ... into Action Calculating Damages Payments and Accounts of Profits in Patent Cases Article discussing accounts of profits in the context of patent infringement under United Kingdom law . mirror of referenced article DEFAULTSORT Account Of Profits Category Judicial remedies Category Equity law term ...   more details



  1. Account

    selfref For information on user accounts at Wikipedia, see Wikipedia Why create an account? wiktionary account Account may refer to A report An account accountancy account in accounting Accounts at banks and or other financial institutions. Deposit account Personal account Sweep account Transactional account User computing User account The means by which a user can access a computer system An Internet based entity owned by or assigned to a specific user but stored in an organization Such as account at FaceBook , or e mail account Accounts is a British term for financial statements . disambig be be x old cs et rozcestn k da Konto de Conta gl Conta id Akun nl Account pl Konto pt Conta ru simple Account sk et sh Ra un uk ...   more details



  1. With-profits policy

    A with profits policy Commonwealth of Nations Commonwealth or participating policy United States U.S. is an insurance contract that participates in the Profit accounting profits of a life insurance company ... its with profits product line. Similar arrangements are found in other countries such as those in continental Europe. With profits policies evolved over many years. Originally they developed as a means ... strength, historic returns and the terms of the contracts offered. The premiums paid by with profits ... account USA . The company uses the pooled assets to pay out claims. A large part of the life .... The insurance company aims to distribute part of its profit to the with profits policy holders in the form .... Types of policies There are two main categories of with profits policies Single premium contracts ... policies , pension policies. Conventional and unitised Conventional with profits contracts have .... The basic sum assured attracts reversionary bonuses which are used to distribute profits to the policy ..., a final bonus may be added to reflect the policy s share of profits which have not yet been distributed. Unitised with profits policies work in a similar way except that the policy value is represented ... of the policy. Unitised with profits policies were introduced as a response to competition from unit ... in with profits policies being unitised rather than conventional. The conventional policies have an element ... fund rather than participating in the full profit of the life company. Smoothing With profits funds employ the concept of smoothing . That is, a proportion of the profits earned during good years ... fund. . Perceived risk and actual risk For many years with profits policies were seen as a safe alternative to deposit account s for many investors especially elderly investors . Years of steady ... that a low risk investor should invest in with profits. This perceived low risk belied the reality ... knell for the with profits policy. Who date December 2007 The MVR by Royal London Life with profit ...   more details



  1. Mesne profits

    Mesne pronounced mean profits are sums of money paid for the occupation of land to a person with right of immediate occupation, where no permission has been given for that occupation. ref Smith, John William. An Elementary View of the Proceedings in an Action at Law. London Stevens & Sons, 1873, p. 432 433. ref ref name Farran90 Farran, Sue and Paterson, Donald. South Pacific Property Law. Florence, Ky. Routledge, 2004, p. 90. ref The concept is Feudalism feudal in origin, and common in countries which rely on the English law English legal system including many former British colonies . ref name Farran90 The word is derived from the root word demesne . Mesne profits commonly occur where a landlord has obtained an order from a court to Eviction evict a Tenement law tenant , or where an individual sues to eject a bona fide landowner to whom Title property title to Possession law land was improperly Conveyancing conveyed . The mesne profit represents the value living rent free, profits earned from the land, etc. the ejected tenant received from the property between the time the court ordered the eviction and the time when the tenant actually left the property. Mesne profits must be drawn from the land itself, ref name Farran90 rather than improvements on it. For example, mesne profits may accrue from growing crops on land but would not generally accrue from a factory built on the land unless there were damage to the land or improvements to the land itself such as the removal of stone from a field . ref Corpus Juris Secundum A Complete Restatement of the Entire American Law as Developed ... in an Action at Law, 1873, p. 433. ref Calculating mesne profits is often regulated by legislatures, but may be litigated in a court of equity . Mesne profits may be calculated, even ... . ref In the United States, laws regulating mesne profits have been the subject of Supreme Court ... Housing tenure References reflist DEFAULTSORT Mesne Profits Category Profit Category Real property law ...   more details



  1. Future Profits

    Infobox album See Wikipedia WikiProject Albums Name Future Profits Type album Artist Blood of Abraham Cover Future Profits.jpg Released November 16, 1993 Recorded 1993 Genre Alternative Rap br Hardcore rap br Gangsta rap br West Coast Rap Length Label Ruthless Records br Relativity Records Producer Eazy E small Executive producer Music exec. small br Epic Mazur br Bilal Bashir Last album This album Future Profits br 1993 Next album Eyedollartree br 2000 Album ratings rev1 Allmusic rev1Score Rating 2.5 5 ref Allmusic class album id r251700 first Craig Robert last Smith ref rev2 rev2Score noprose Future Profits is the debut album by rap duo, Blood of Abraham . The album was released on November 16, 1993 for Ruthless Records Relativity Records and was produced by Eazy E , Epic Mazur and Bilal Bashir . Tracklisting Future Profits Intro This Great Land Devours Southern Comfort Stick To Your Own Kind That Ol Dupree Shit I m Not The Man Father Of Many Nations Devils Get No Dap 3 2 1 Contact Stabbed By The Steeple Another Nail In The Coffin Life Niggaz And Jewz Some Say Kikes feat. Eazy E , will.i.am Will 1 X Loose Interpretation Of The End Outro References Reflist Category Blood of Abraham albums Category 1993 albums Category Ruthless Records albums ...   more details



  1. The Profits of Extermination

    Image Profitsexterm.jpg thumb 200px right The Book Cover The Profits of Extermination ISBN 1 56751 322 0 is a 2005 book written by Colombia n trade union ist and human rights activist Francisco Ram rez Cuellar , and translated into English by Aviva Chomsky . The book deals with research on multinational corporation s and paramilitary groups in Colombia. See also Revolutionary Armed Forces of Colombia Paramilitarism in Colombia Autodefensas Unidas de Colombia United Self Defence Forces of Colombia AUC Colombian Armed Conflict Military History of the FARC EP DEFAULTSORT Profits of Extermination, The Category 2005 books Category Books about globalization Category Books about United States foreign relations Category Books about Colombia Category Colombia United States relations poli book stub ...   more details



  1. False Profits

    Unreferenced date February 2012 Infobox television episode Title False Profits Series Star Trek Voyager Image File False Profits Star Trek Voyager episode.png 270px Caption The two Ferengi prophets and Neelix as a Ferengi Season 3 Episode 5 Airdate Start date 1996 10 02 Length Production 40840 144 Story George A. Brozak Teleplay Joe Menosky Director Cliff Bole Producer Editor Music Dennis McCarthy composer Dennis McCarthy Photographer Guests Dan Shor Arridor Leslie Jordan Kol Michael Ensign Bard Rob LaBelle Kafar Prev The Swarm Star Trek Voyager The Swarm Next Remember Star Trek Voyager Remember Episode list List of Star Trek Voyager episodes List of Star Trek Voyager episodes NOTOC False Profits is the 47th episode of Star Trek Voyager , the fifth episode of the third season. Plot Voyager discovers evidence of replicator technology on a pre warp planet, which is reported as very unusual. Chakotay and Paris beam down to the planet to investigate. They discover two Ferengi who first appeared in the Star Trek The Next Generation episode The Price Star Trek The Next Generation The Price , pretending to be prophets to the native people. When the Ferengi are beamed aboard USS Voyager Star Trek USS Voyager they refuse to go back to the Alpha Quadrant , and Janeway is forced to return them to the planet. Meanwhile a wormhole is detected and it is traced to the Alpha Quadrant. The wormhole being the same one the Ferengi had come through, years ago. This would be a shortcut home for Voyager , the only problem is that the Delta Quadrant side moves around erratically. Harry Kim and B Elanna Torres work on a way to stabilize the wormhole while Neelix, disguised as a Ferengi, travels back to the planet. He pretends to be a representative the Grand Proxy of the Ferengi ruler, the Grand Nagus , and demands the two return to the Alpha Quadrant. Neelix ruse is uncovered and the Ferengi ... reflist External links wikiquote Star Trek Voyager False Profits .5B3.5.5D False Profits IMDb title ...   more details



  1. The Profits of Religion

    Infobox Book name The Profits of Religion An Essay in Economic Interpretation title orig translator image File TheProfitsOfReligion.jpg 180px image caption 1st edition author Upton Sinclair illustrator cover artist country United States language English language English series subject Sociology genre publisher Self Pasadena, California Pasadena , California release date 1917 english release date media type Print br Reprinted 2004 by Kessinger Publishing in paperback pages isbn ISBN 1 4179 4226 6 ISBN 978 1 4179 4226 8 preceded by followed by The Profits of Religion An Essay in Economic Interpretation is a nonfiction book, first published in 1917, by the United States American novelist and muckraking journalist Upton Sinclair . It is a snapshot of the religious movements in the U.S. before its entry into World War I . The book is the first of the Dead Hand series six books Sinclair wrote on American institution s. The series also includes The Brass Check journalism , The Goose step book The Goose step higher education , The Goslings elementary and high school education , Mammonart art and Money Writes literature . The term Dead Hand ironically refers to Adam Smith s concept that allowing an invisible hand of individual self interest to shape economic relations provides the best result for society as a whole. In this book, Sinclair attacks institutionalized religion as a source of income to parasites, and the natural ally of every form of oppression and exploitation. Overview Most Clergy clergymen are hypocrites, but they are not entirely to blame. Like other men, they are victimized ... 1919 , Sinclair wrote, The Profits of Religion was practically boycotted by the capitalist press of America ... at Project Gutenberg. See quotes from The Profits of Religion at q Upton Sinclair WikiQuote Sinclair s papers for The Profits of Religion are at the http www.indiana.edu liblilly lilly mss html sinclr.html ... Profits of Religion, The Category 1917 books Category American non fiction books Category Books ...   more details



  1. Unit of account

    of account allows meaningful interpretation of prices, costs, and profits, so that an entity can monitor ...A unit of account is a standard monetary unit of measurement of value cost of goods, services, or assets. It is one of three well known functions of money . It lends meaning to profits, losses, liability, or assets. The accounting monetary unit of account suffers from the pitfall of not being a stable unit of account over time. Inflation destroys the assumption that money is stable which is the basis of classic accountancy. In such circumstances, historical values registered in accountancy books become heterogeneous amounts measured in different units. The use of such data under traditional accounting methods without previous correction often leads to invalid results. ref http books.google.com books?id WXwfMDDYOdkC&pg PA259&lpg PA259&dq inflation destroys historical cost values&source web&ots ... of the standard unit of account. The use of money, under conditions of price stability, vastly improves the Economic efficiency efficiency of market economies . Historic examples of units of account ... one time there might be two or three units of account in one region based on the local base, silver ... all became pounds 240 denari of account. Units of account would often survive over 100 years despite ... exchange Introduction author Peter Spuffords year 1986 ref A modern unit of account is the European ... just a unit of account until the introduction of notes and coins in 2002. Unit of account ... of a unit of account in financial accounting , according to the American business model, allows investors ... of account in managerial accounting enables firms to choose between activities that yield the highest profit. In economics , a standard unit of account is used for statistical purposes to describe ... would be impossible without a standard unit of account. After being compiled, these figures are often ... cost of a policy, a standard unit of account allows for the creation of a composite good . A composite ...   more details



  1. Account planning

    splitting functions into interacting with clients and looking out for their interests account management ... called account planning which became a primary function in most US ad agencies around 15 years ago. Account planning brings the consumer into the process of developing advertising. Account planners have ... and account planners. Account planners sometimes also called brand planners and strategic planners ..., and the account manager is closest to the client, the account planner is closest to the consumer. The account planner is the person on an advertising team who is most likely to have spent time ... exceeds the particular performance characteristics of their shoes , the account planner is responsible ... research function planning truly begins when research ends and account planners stay engaged in the campaign ... effectiveness. Whereas previously, account planners focused on the use of traditional primary research ... ways. History Account planning is a job title that exists in most London and UK advertising agencies. Account planning gained an initial foothold in the US in the early 80 s but really only took ... in 1965, Stanley Pollitt felt that account managers were using information incompetently or inexpediently ... suggested that a specially trained researcher should work with the account manager as an equal partner ... account planning, coined by King. In Australia the course of history was different. The inventor ... secret service followed by ad agency account service, creative writing and media management. These qualifications .... From the UK to the U.S. The first agency in the United States to develop an account planning department ... met with success over in the UK and throughout Europe. Tran, 1999 Chiat believed that account planning ... did not decide to experiment with account planning. He decided to have account planning. He knew ... their own account planning department. Their rationale was that it would be the key to their success ... lost, planning seemed as though the magical tool to break through the clutter. For, the mantra of account ...   more details



  1. Capital account

    For the accountancy use of the term. Capital account financial accounting In Macroeconomics and international finance, the capital account also known as financial account is one of two primary components of the balance of payments , the other being the current account . Whereas the current account reflects a nation s net income, the capital account reflects net change in national ownership of assets. A surplus in the capital account means money is flowing into the country, but unlike a surplus in the current account , the inbound flows will effectively be borrowings or sales of assets rather than earnings. A deficit in the capital account means money is flowing out the country, but it also suggests the nation is increasing its claims on foreign assets. The term capital account is used with a narrower ... the rest of the world calls the capital account into two top level divisions financial account and capital account , with by far the bulk of the transactions being recorded in its financial account. The capital account in macroeconomics At high level math begin align mbox Capital account & mbox Change ... align math Breaking this down math begin align mbox Capital account & mbox Foreign direct investment & mbox Portfolio investment & mbox Other investment & mbox Reserve account end align math Image ... many capital account transactions are processed. Foreign direct investment FDI , refers to long term ... item on the capital account. If a nation s citizens are investing in foreign countries, that s an outbound flow that will count as a deficit. After the initial investment, any yearly profits not re invested will flow in the opposite direction, but will be recorded in the current account rather ... these assets is recorded in the current account the capital account entry will just be for any international ... rates and or the exchange rate between currencies. Sometimes this category can include the reserve account . ref name sloman Reserve account . The reserve account is operated by a nation s central bank ...   more details



  1. Suspense account

    Unreferenced auto yes date December 2009 A suspense account is an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions cash receipts, cash disbursements & journal entries entered with invalid account numbers. The account specified may not exist, or it may be deleted frozen. If one of these conditions exist, the transaction should be directed to a suspense account. In branchless banking BB banking through mobile for unbanked these accounts are used for money in transit . For example, sender sends payment from US ACH account to a BB mobile number in Japan. The customer receives an alert on their mobile to withdraw this money from any BB agent. Until they withdraw, the remittance stays in the suspense account, earning the financial institute or the BB enabler float interest on that money. When customer withdrawal completes, the money moves from suspense account to the agent s account who facilitated the cash withdrawal. A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account. See also Accountancy DEFAULTSORT Suspense Account Category Generally Accepted Accounting Principles Accounting stub de CpD Konto ...   more details



  1. Custodial account

    Orphan date February 2009 Context date October 2009 A custodial account is a financial account set up for the benefit of a Beneficiary trust beneficiary , and administered by a responsible adult, known as a custodian who has a fiduciary obligation to the beneficiary. In one form, a custodial account is an account set up for a Minor law minor , because the minor is under the legal age of majority . The custodian is often the minor s parent. A custodial account can be a bank account or a trust fund or a brokerage account. This type of account usually come with a Coverdell ESA Form a tax advantaged contract. It deals with successor rights and other contract conditions depending on who issues the form. In another form, a custodial account is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is commonly used for petty cash, or for transactions that have very limited and clearly defined payees and transaction types. For example, law firm accounting includes trust accounts for disbursing funds entrusted to the law firm by each client for the client s benefit. References http definitions.uslegal.com c custodial account Legal Definition See also Trust law Category Personal finance Finance stub ...   more details



  1. Revolving account

    A revolving account is an account created by a lender to represent debt s where the outstanding balance does not have to be paid in full every month by the borrower to the lender. The borrower may be required to make a minimum payment, based on the balance amount. The most common example of a revolving account is a credit card . Credit cards Category Credit card terminology money stub ...   more details



  1. Merchant account

    each month to cover costs from the provider to maintain the account and to create minimal profits. If a merchant ...Citations missing date January 2008 Globalize date May 2010 discuss Talk Merchant account Globalize A merchant account is a type of bank account that allows businesses to accept payments by payment card s, typically debit card debit or credit card s. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions ... account provider is typically a separate company from the payment gateway. Some merchant account providers have their own payment gateways but the majority of companies use 3rd party payment ... fees or be forced into a non qualified transaction category. Merchant Account Marketing Merchant ... July 2011 Rates and fees A Merchant Account has a variety of fees, some periodic, others charged on a per item or percentage basis. Some fees are set by the merchant account provider , but the majority of the per item and percentage fees are passed through the merchant account provider to the credit ... account provider groups the transactions into 3 groups tiers and assigns a rate to each tier based ... it in a manner defined as standard by their merchant account provider using an approved credit card ... account providers do make a markup on these rates. The use of rewards cards can be as high as 40 ... and can cost the provider much more in interchange costs, so the merchant account providers do make ... of 6 rate classifications. Interchange Plus Pricing Some providers offer merchant account services ... of maintaining the merchant s account. Sometimes these fees can be quarterly. The fee can be from 79 ... is terminated. Some providers may also assess a lost profit fee based on an assumption of profits ... tacking on new checking account fees, raising minimum balance requirements and have threatened ... PCI SSC Quick Guide. DEFAULTSORT Merchant Account Category Payment systems Category Merchant services ...   more details



  1. Bank account

    A bank account is a financial account which by when recording the non financial transactions between the customer and their bank and the resulting financial position of the customer with the bank. Citation needed date April 2010 Account types Bank accounts may have a positive, or debits and credits credit balance, where the bank owes money to the customer or a negative, or debits and credits debit balance, where the customer owes the bank money ref http www.businessdictionary.com definition debit balance.html ref . Broadly, accounts opened with the purpose of holding credit balances are referred to as deposit account s whilst accounts opened with the purpose of holding debit balances are referred to as loan account s. Some accounts are defined by their function rather than nature of the balance they hold. Bank accounts designed to process large numbers of transactions may offer credit and debit facilities and therefore do not sit easily with a polarised definition. Accounts multicol Transactional account deposit account checking account Current account banking current account Personal account Transaction deposit multicol break Savings Account Individual Savings Account Time deposit certificate of deposit Tax Exempt Special Savings Account Tax Free Savings Account Money market account multicol break Other accounts loan account Joint account Low cost account Nostro and vostro accounts Numbered bank account Negotiable Order of Withdrawal account multicol end Neutral Consumer Information Canada Ref improve section date September 2007 The Government of Canada maintains a database of the fees and features of bank account packages offered by various financial institutions operating ... eng consumers ITools CoB default.asp ref that allows consumers to compare various bank account packages ... Bank statement Chart of accounts Financial privacy International Bank Account Number Society for Worldwide ... DEFAULTSORT Bank Account Category Banking ar be be x old ...   more details



  1. Account number

    Account number may refer to A number used to identify a bank account Bank card number , the primary account number found on credit cards and bank cards International Bank Account Number , an international standard for identifying bank accounts across national borders National identification number , a number used by the governments of many countries as a means of tracking people for the purposes of work, taxation, government benefits, health care, and other governmentally related functions Disambig ...   more details



  1. Joint account

    Joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. Usually, joint accounts are shared between close relatives or business partners. Joint accounts are often created in order to avoid probate . ref cite book last Clifford first Denis title Plan Your Estate edition 9 isbn 1413307612, 9781413307610 url http books.google.com books?id Xw GI0b5mBMC&pg PA166&dq joint Account ref If two individuals open a joint account and one of them death dies , the other person is entitled to the remaining balance and liable for the debt of that account. Sometimes a temporary joint account is opened by two parties entering into a transaction where one party needs a security for the fulfilment of the transaction and the other party has to pay the sum deposit , being the security for the other party. Any payment from the joint account or return of the deposit from the joint account, will only be possible if both parties sign a joint written instruction to the bank. It is not possible that only one of the both parties gives instruction for payments of the joint account. citation needed date October 2009 Because European banks are not very interested in opening temporary joint accounts, as they are normally used for one transaction only, there are specialised parties or companies taking care of such accounts as trustees. A temporary joint account is normally closed after the transaction for which it was opened has been concluded. Temporary joint accounts are used in transactions in which large sums of money are involved as an alternative to letters of credit or escrow accounts. citation needed date October 2009 See also Current account Savings account Transactional account References references DEFAULTSORT Joint Account Category Banking ...   more details



  1. Separate account

    Unreferenced stub auto yes date December 2009 A separate account is a segregated accounting and reporting account accountancy account held by an insurance company not in or separate from its general account . A separate account allows an investor to choose an investment category according to his individual risk tolerance, and desire for performance. An account may be a generic conservative or aggressive investment allocation, or a specific mutual fund type account. Some offshore company offshore companies allow the account owners to specify the type of separate account to open. Separate accounts in the U.S. markets are often characterized as either managed or non managed. A managed separate account is synonymous to a mutual fund in the sense that the investments of the separate account are actively managed such as stocks, bonds or other debt instruments, loans, derivative instruments, etc. . A non managed separate account is one that invests more passively in that it typically owns shares of other managed pools of investments such as mutual fund shares. This is similar to a fund of funds whereby the separate account fund simply invests in shares of one or more mutual funds. This arrangement is sometimes more efficient and cost effective rather than the insurance company maintaining many separate accounts with similar baskets of securities. Separate accounts are sometimes confused with separately managed account s SMAs , which are privately managed investment accounts opened through a brokerage or financial adviser that uses pooled money to buy individual assets. These differ from mutual funds because the investor directly owns the securities instead of owning a share in a pool of securities. Most SMAs require a minimum investment of 100,000 or more. DEFAULTSORT Separate Account Category Insurance Econ stub ...   more details



  1. Controlling account

    In accounting , the controlling account small UK small control account also known as adjustment account ref http lexicon.ft.com term.asp?t control account control account definition in Financial Times lexicon ref is an account in the general ledger for which a corresponding subledger subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail. Individual transactions are posted both to the controlling account and the corresponding subsidiary ledger, and the totals for both are compared when preparing a trial balance to ensure accuracy. For example, Accounts Receivable is the controlling account for the Accounts Receivable Subsidiary Ledger. In this subsidiary ledger, each credit customer has their own account with their own balance. Thus, while the Accounts Receivable balance can report how much the company is owed, the Accounts Receivable subsidiary ledger can report how much is owed from each credit customer. Other examples of controlling accounts and their subsidiary ledgers include Accounts Payable accounts payable subsidiary ledger and Equipment equipment subsidiary ledger . ref name isbn0 324 65913 X cite book author Jones, Jefferson Nikolai, Loren A. Bazley, John D. title Intermediate Accounting publisher South Western College Pub location Cincinnati, Ohio year 2009 page 102 isbn 0 324 65913 X oclc doi accessdate ref References reflist Category Accounting systems ...   more details



  1. Account manager

    An account manager Sales is a person in a business who is responsible for the management of the sales and relationship with particular customer s. They are usually allocated particular customer account s, especially key accounts that provide the most business. Responsibilities The responsibilities of an account manager vary depending on the nature of the business. The account manager builds client relationship by acting as the interface between the customer service teams and sales teams within a company. The goal is to maintain the company s existing relationship with a client or group of clients, so that they will continue using the company for business. The account manager also tries to identify potential new clients and business opportunities and to persuade new customers to place business with the company. Account managers are responsible for working with clients to identify their needs and work out how the company can best meet those requirements, in order that the client does not decide to place business elsewhere. Normally an account manager looks after existing customer customers ... on the size of the company, account managers might manage a single account or they may have a variety of clients. An account manager might have responsibility for an account at national level or at global level. Global account managers and national account managers may work together in a hierarchical ... Key account manager Key account management includes sales but also includes planning and managing the full relationship between a business and its most important customers. An account manager who works .... ref citation url http books.google.co.uk books?id YutAr0bk2OUC&pg PA294 title Key Account ... and purchase goods Key account management model The basic assumption for a key account management model ... key account classification model. ref citation editor Sloan Management Review volume 4 issue 4 title ... Business and financial operations occupations marketing stub cs Account manager nl Accountmanager ...   more details



  1. General account

    unreferenced date June 2009 A general account generally refers to the combined or aggregate investments and other assets of an insurance company available to pay claims and benefits to which insured s or policyholders are entitled. The general account may also be considered everything that is not represented by a separate account s of the firm, if such separate account has been established by the company. Should a firm have no separate accounts, then its only account is the general account. The term should not be thought of narrowly in terms of a bank account or general ledger account, but rather the broader concept introduced in the first sentence. Policyholders of insurance policies that are not associated with separate accounts do not have a legal or other direct interest or right to the assets or investments of the insurance company s general account but rather these obligations for benefits or claims are general obligations of the company. In this case, policyholders are subject to credit risk of the insurance company that is, should the insurance company fail or go bankrupt, the claims or cash values of policies are not directly backed or collateralized by the company s investments and other assets. In the U.S., state insurance departments examine audit insurance companies to evaluate many things, principally to see if the company is sound and policyholder interests are protected. A.M. Best is an example of an insurance rating agency who evaluates and rates many companies on various factors such as financial strength, claims paying and other policyholder servicing experiences. econ stub Category Insurance terms ...   more details



  1. The One account

    Image The One account.png right The One account Ltd is single brand subsidiary financial services company ... as the Virgin One account and promoted to Virgin Direct s 200,000 strong UK customer base. The launch ..., the company relaunched as The One account when The Royal Bank of Scotland took a majority shareholding ... . Distribution One account products are sold directly by phone, internet and post. They are also distributed through intermediaries mortgage broker s and Independent Financial Adviser s. Current Account Mortgages The type of offset products offered by The One account are called Current Account Mortgage ... current accounts, personal loans and, if desired, their saving accounts into one account. A low, mortgage style interest rate is charged on the net balance of the account on a daily basis. Since customers pay their salary into the account this money has the effect of reducing the average balance ... rate used to vary with the Bank of England base rate, however in recent months the One Account interest ... rate had not increased. The One account vaunts the flexibility afforded by current account ... would be better off with a One account. Industry accolades In June 2002, The Virgin One account scooped both Best Mortgage provider and Best Current Account provider at the Guardian Observer Consumer Finance awards. In the following year, The One account was awarded Best Mortgage Provider for the 3rd year running at The Guardian Observer Consumer Finance Awards, Best Current Account and Offset Mortgage Provider at the Moneyfacts Awards, Best Current Account Mortgage at the Your Mortgage Awards ... Current Account Mortgage from Mortgage Magazine in 2005 and 2006, Best Current Account Mortgage from Your Mortgage Magazine in 2005, and in 2006 The One account was voted the Best Current Account and Offset Mortgage Provider by Moneyfacts . On 23 February 2012, the One Account wrote to its mortgage ... worth 785m to staff. External links http mortgages.oneaccount.com The One account Royal Bank of Scotland ...   more details



  1. Layered account

    Unreferenced date December 2006 Orphan date October 2008 A layered account is a form of qualitative research qualitative social research in which the researcher writes from more than one voice and is informed by several layers of consciousness. First proposed by Carol Rambo Ronai, a layered account intentionally blurs the boundaries between social research and art. See also Autoethnography DEFAULTSORT Layered Account Category Qualitative research Sociology stub ...   more details



  1. Clearing account

    Multiple issues orphan May 2009 unreferenced May 2009 A Clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period. Category Accountancy business stub Generally, clearing accounts are where you do your laundry of debits and credits when an item is charged and then paid off. For example, I frequently see a Payroll Clearing Account where payroll is run by a third party, the numbers are entered into the books and the liability to each employee is recorded as a credit in a Payroll Clearing Account. Then when the checks are actually issued to the employee sometimes the checks are issued ..., is to the bank account and the debit is to Payroll Clearing which SHOULD zero out the credit balance sitting in that account. If it does not, then that means a check may have been written for the wrong ... to the account was misposted. It is a good system of checks and balances to ensure that you posted ... Tax Clearing Account for Down Payments is for real estate transactions possibly for the purchase or possibly for a property tax impound by the lender. In any case, the goal of the Clearing Account is to zero ... that ideally have a balance of 0 e.g. a credit card clearing account to track charges made by customers against the deposits made to the bank from the credit card processor, or an account used to track intercompany transactions . Generally the clearing account functions as a check on entries ..., or you missed an entry. Here s how this principle would work for a payroll liability account FICO reconcilliation . The account is credited increased when paychecks are cut for the liability arising from those paychecks. The same account is then debited decreased when those liabilities are paid ... payroll most of the big payroll processors collect the payments at that time the balance in that account ...   more details




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