Other Comprehensive Income – Meaning, Importance, Example, and Report
Other comprehensive income or OCI are those income, expenses, gains, and losses that the company is yet to realize. Since these are unrealized items,… Read Article
Demurrage and Detention – Meaning, Reasons, Impact and Controversy
Demurrage and Detention are the terms that one would come across in the case of international trade and shipping. Basically, these are the charges… Read Article
Financial Bubble
What is a Bubble?A bubble is a situation in which there is a sudden and excessive increase in the prices of the assets. In… Read Article
Terminal Handling Charges – Meaning, Types, Example and History
Terminal Handling Charges or THC is a term that you would come across in international trade. Shipping terminals or port authorities charge THC for… Read Article
Freight Forwarder’s Receipt – Meaning, Benefits, Functions, and Responsibilities
Freight Forwarder’s Receipt (FCR) is a receipt or a document that the freight forwarder or freight consolidator, or their agent issues to the shipper.… Read Article
Cost, Insurance, and Freight – Meaning, Obligations, Advantages, and Disadvantages
Cost, Insurance, and Freight, or just CIF, is a common shipping agreement in the world of international trade. Traders have been using CIF contracts… Read Article
Cost and Freight – Meaning, Obligations, and Use
Cost and Freight, or popularly called CFR, is one of the most popular shipping terms. It is one of the Incoterms that helps in… Read Article
Markup Pricing
What do we mean by Markup pricing?Markup pricing is a strategy of setting the price of the products or offerings of a business enterprise… Read Article
Bills Receivable – Meaning, Endorsement, Characteristics, and Journal Entries
Meaning: Bills ReceivableBills receivable is a document or a bill of exchange that is generated when the seller sells some goods on credit to… Read Article
Free On Board – Meaning, Qualifiers, Obligations, and Benefits
Free On Board or FOB is a type of shipping contract and is one of the most popular Incoterms. Simply put, under this arrangement,… Read Article
Methods for Valuation of Goodwill
There are many ways for the valuation of goodwill. As we already know, the amount of goodwill is predicted or assumed because goodwill is… Read Article