What Is Managerial Accounting? Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization’s goals. Managerial accounting differs from financial accounting because the intended purpose of managerial accounting is to assist users internal to the company in making well-informed business decisions. Key Takeaways
What Is a Manager Universe (Benchmark)? A manager universe (benchmark) refers to a peer group of investment managers who have the same investment style. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers. Key Takeaways
What Is a Mandatory Mortgage Lock? A mandatory mortgage lock is the sale of a mortgage in the secondary mortgage market with terms that require the seller of the mortgage to make the delivery to the buyer by a certain date or incur a pair-off fee. The requirement to make delivery of the mortgage or incur a pair-off fee
What Is M2? M2 is the U.S. Federal Reserve’s estimate of the total money supply including all of the cash people have on hand plus all of the money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as certificates of deposit (CDs). Retirement account balances and time deposits above $100,000 are
What Is the Economy? The M2M, or machine-to-machine, economy is one where the smart, autonomous, networked and economically independent machines or devices act as the participants, carrying on the necessary activities of production, distribution, and allocation with little to no human intervention. This evolving ecosystem will be made possible by the growing number of Internet of
What Is M3? M3 is a measure of the money supply that includes M2 as well as large time deposits, institutional money market funds, short-term repurchase agreements (repo), and larger liquid assets. The M3 measurement includes assets that are less liquid than other components of the money supply and are referred to as “near money,”
What Is the Maastricht Treaty? The term Maastricht Treaty refers to the international agreement that was responsible for the creation of the European Union (EU). The agreement was signed in 1992 in the Dutch city of Maastricht and became effective in 1993. It led to greater cooperation between the 12 member nations that signed the treaty by
What Is the Macaulay Duration? The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration is frequently used by portfolio managers who use an immunization strategy.
What Is Macau SAR, China? Macau, like Hong Kong, is a special administrative region (SAR) of greater China that operates under the “One Country, Two Systems” principle. Similar to Hong Kong, the One Country, Two Systems policy allows Macau broad but limited autonomy in most of its governing and economic activities. Its currency is called
Known as one of the most successful turnaround CEOs and M&A (mergers and acquisitions) experts in the healthcare industry, Edwin “Mac” Crawford spent the first 15 years of his career (1971 to 1986) in the financial and industrial sectors in a series of certified public accountant (CPA), chief financial officer (CFO), and President roles. Crawford’s
