Photionary Blog

Socialization Process

Meaning of Socialization Process

To treat the individual and understand him as a component of society is, first of all, to understand that to be part of that society fully, it is not enough to be born within...

Euro 1

Meaning of Permanent Extension Part I

If you are an entrepreneur, you have to make a regular VAT return and make the corresponding payments. With a permanent extension , the payments are postponed accordingly, which brings a liquidity advantage. What...

Specifications 2

Meaning of Specifications Part II

Definition of the requirement profile Requirement level I, II, … Approval of the specifications by the project management Attachments [Appendix, resources, … ..] The requirement specification is created separately and independently of the applicable...

Specifications 1

Meaning of Specifications Part I

The specification sheet – work guide for the client The term requirement specification includes the sum of all requirements of the client to the contractor across all industries . It is preferably used or...

Controlling 3

Meaning of Controlling Part III

Instruments for strategic controlling The tasks of strategic controlling clearly differ from operational controlling. That’s why you have to use other instruments here as well. SWOT analysis With the instrument of the SWOT analysis...

Controlling 2

Meaning of Controlling Part II

What does operational controlling mean? Planning, control and management for corporate processes, both short and long term, means operational controlling . For you, you have to achieve the best possible results with the resources...

Controlling 1

Meaning of Controlling Part I

What does controlling mean? Controlling is a term that comes from English. Translated, controlling means something like controlling, steering or regulating. Many people mention accounting and controlling in the same breath and often equate...

Financial Accounting 7

Meaning of Financial Accounting Part VII

6. What is a billing period? The accounting period is the period between two closings. This means that an accounting period can lie between two annual accounts, but it is also possible to close...

Atmosphere Layers

Meaning of Atmosphere Layers

The layer of air that surrounds the Earth, the atmosphere , when it was formed, was made up of gases that participated, together with cosmic dust, in the origin of the solar system. The...

Financial Accounting 6

Meaning of Financial Accounting Part VI

4.4 Terminology in financial accounting The following list does not claim to be complete, but explains the most important terms from the world of financial accounting: Depreciation: Losses in the value of fixed assets...

Financial Accounting 5

Meaning of Financial Accounting Part V

4.1.1 No booking without receipt! The principle “no booking without receipt” is not only important for paper receipts, but of course also applies synonymously for electronic documents . It means that every booking case...

Financial Accounting 4

Meaning of Financial Accounting Part IV

3.3.5 Customers, suppliers, cash books, etc. Financial accounting differs depending on the size of the company and so it can also be divided into individual customers and suppliers. The breakdown into individual areas becomes...

Financial Accounting 3

Meaning of Financial Accounting Part III

3.1.1 The role of financial accounting in the financial statements and balance sheet In order to be able to draw up a balance sheet, the existing stocks must be determined beforehand . This goes...

Financial Accounting 2

Meaning of Financial Accounting Part II

2.2.2 Cost and performance accounting Cost and performance accounting is part of business accounting and determines the company’s profits and losses . The main thing is to provide short-term information, whereby cost and performance...

Financial Accounting 1

Meaning of Financial Accounting Part I

The financial accounting represents the recording of all payment transactions of a company as well as the necessary evaluations of the same. In addition to planning accounting, cost and performance accounting and business statistics,...

Quality Management 2

Meaning of Quality Management 2

The quality management control loop As already learned, great value is placed in quality management on continuously improving the processes. The experiences that are made are once again incorporated into the planning, so that...

EDUCATION INSURANCE

Meaning of Education Insurance

Long before a child is born, parents and grandparents alike start thinking about what their child’s future will look like. So that they can learn a great job or start studying, they often invest...

Quality Management 1

Meaning of Quality Management 1

All those processes in a company that contribute to improving the structure and processes within the company are summarized under the term quality management. The influence of these measures is therefore very relevant company-wide,...

ASSET BACKED SECURITIES

Meaning of ABS

Asset-backed securities, or ABS for short via abbreviationfinder, are translated as “asset backed securities”. ABS belong to the group of structured financial products. They came up in the USA in the 1980s and were...

FIXED INCOME SECURITIES

Meaning of Fixed-income Securities

Fixed-income securities are particularly popular with conservative investors. Some of them can be traded on the stock exchange in the form of bonds or convertible bonds. As savings bonds, they have the legal form...

EURIBOR (EURO INTERBANK OFFERED RATE)

Meaning of EURIBOR

According to abbreviationfinder, the acronym EURIBOR stands for Euro Interbank Offered Rate. This is an average interest rate calculated every working day at which European banks lend each other time deposits. This reference interest...

INHERITANCE TAX

Meaning of Inheritance Tax

In Germany, enormous assets are inherited or given away every year. In 2015 alone it was 102 billion euros. That arouses desires. The state demands a share. Because of their great similarity, inheritance and...

EONIA

Meaning of EONIA

The EONIA (Euro Overnight Index Average based on abbreviationfinder) is a reference rate for unsecured overnight money on the Euro interbank market. The European Central Bank (ECB) calculates it for each business day from...

DEFERRED COMPENSATION

Meaning of Deferred Compensation

With deferred compensation (salary conversion), employees can pay into a company pension scheme and save on taxes and social security contributions. Employers are obliged to make this possible – they also save on wage...

ISSUER

Meaning of Issuer

When it comes to finances, the term issuer is often mentioned. This designation has become established for the issuers of certain financial products, especially on the stock and bond markets as well as credit...

INCOME TAX

Meaning of Income Tax

Income tax is one of the most important sources of income for the German state. More than 200 billion euros flow to the tax authorities from this tax, which corresponds to around a third...

Camping

Meaning of Camping

Camping is an English term accepted by the DigoPaul that refers to a camp or the activity consisting of going camping to a place outdoors. It should be noted that a camp is a...

Field

Meaning of Field

From the Latin campus (“plain”, “battle space”), the word field refers to a large area that is far from a city or town or to the land that can be worked. The concept is...

Field of Study

Meaning of Field of Study

Before getting to know the meaning of the term field of study, it is necessary to do the same with its etymological origin. In this case, we can expose the following information about the...

Electric Field

Meaning of Electric Field

In the field of physics, according to DigoPaul, the field is called the space sector at whose points a physical quantity is defined. Electric, meanwhile, is that linked to electricity: the force manifested through...