During the Vietnam War era, the military coined the term SWAG – Scientific Wild-Ass Guess. CBS released “The Uncounted Enemy: a Vietnam Deception” in 1982 which highlighted the US Army and their “manipulation” of facts and figures during the Vietnam conflict. CBS claimed that General William Westmoreland and other military officers were conspiring to misrepresent information, resulting in
Ever feel like you’re the only financial professional you know that changes jobs frequently? Or, maybe it seems like you’re one of the few who has had the same job forever. No matter who you are, we’d like your help… We’re asking all of our readers to help us out with a little bit of
Tax Abatement Definition Tax abatement, defined as the decreasing of the tax responsibility of a firm by government, is one of the tools which government uses to motivate behavior in a firm. A tax abatement credit is generally given to a firm when the government wants the saved money to be spent in another way:
Research and Development Definition Research and development (R&D) in business refers to activities geared towards new product development or current product improvement. It typically involves conceptualizing and designing new products and then tailoring them to meet the needs of the target market. R&D is often a line item on a company’s income statement. Technology and
Product Life Cycle Definition A product life cycle, defined is the period from when a product goes through its initial specifications and research to the withdrawal of that product from the market. There are five product life cycle stages. Product Life Cycle Meaning The product cycle stages are as follows: Research and Development This is
See Also: Current Assets Financial Assets Fixed Assets Goodwill Accounting Term Research and Development Intangible Assets Definition An intangible asset is a right or non-physical resource of a company. They are usually developed as a result of an acquisition that has been made, or years of research and development to develop a process or idea.
See also: Cost Driver Variable vs Fixed Cost Sunk Costs Activity Based Costing vs Traditional Costing Removal Cost Profit Center Responsibility Center Adding Value as a Financial Leader Cost Center Definition In accounting, a cost center is a type of responsibility center. A responsibility center is an organizational subunit the manager of which is responsible
See Also: Capital Budgeting Methods Capital Budgeting Phases The phases of the capital budgeting process include the following: Description of the need or opportunity Identification of alternatives Evaluation of the options and the relevant cash flows of each Selection of best alternative Conducting a post-completion audit of the projects. Examples To identify capital projects, refer
JOIN THE NEXT STRATEGIC CFO™ WORKSHOP SERIES
Strategic CFO™ Financial Leadership Workshop
The Art Of The CFO®
August 7-10th, 2023
CONNECT WITH STRATEGIC CFO™
