What Is an Enrolled Agent? An enrolled agent (EA) is a tax professional authorized by the United States government to represent taxpayers in matters regarding the Internal Revenue Service (IRS). EAs must pass an examination or have sufficient experience as an IRS employee and pass a background check. Enrolled agents first appeared in 1884 due to issues
What Was Enron? Enron was an energy-trading and utility company based in Houston, Texas, that perpetrated one of the biggest accounting frauds in history. Enron’s executives employed accounting practices that falsely inflated the company’s revenues and, for a time, making it the seventh-largest corporation in the United States. Once the fraud came to light, the
What Is Enronomics? The term Enronomics refers to a fraudulent accounting technique used by executives and accountants at Enron to hide losses, toxic assets, and massive amounts of debt from shareholders and the general public. The scheme involved the use of accounting tricks. Although the losses were real according to generally accepted accounting principles (GAAP)
What is Enterprise Application Integration? Enterprise application integration is the translation of data and other commands from one application format into another. Key Takeaways Enterprise application integration is an ongoing process between two incompatible systems, which can involve hardware or software components, or both.Enterprise application integration is important because it allows the various departments or
What Is Enterprise Information Management (EIM)? Enterprise information management (EIM) refers to the optimization, storage, and processing of data created and used by an enterprise. Enterprise information management seeks to ensure that data, as a business asset, is managed securely through its lifecycle and is accessible to the appropriate business processes. Key Takeaways Enterprise information
What Is Enterprise Risk Management (ERM)? Enterprise risk management (ERM) is a methodology that looks at risk management strategically from the perspective of the entire firm or organization. It is a top-down strategy that aims to identify, assess, and prepare for potential losses, dangers, hazards, and other potentials for harm that may interfere with an
What Is Enterprise Value (EV)? Enterprise value (EV) measures a company’s total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt and any cash or cash equivalents on the company’s balance sheet. Key Takeaways Enterprise value
What Is an Enterprise Zone? An enterprise zone is a geographic area that has been granted special tax breaks, regulatory exemptions, or other public assistance in order to encourage private economic development and job creation. They are used most often to promote the revitalization of a city neighborhood. Enterprise zones were introduced in the U.S. in
What Is an Entrance Fee? The term “entrance fee” is commonly used in reference to an up-front cost for continuing-care retirement communities (CCRCs). Rather than purchasing a CCRC unit, residents typically pay a high entrance fee followed by regular monthly payments. The entrance fee is paid in exchange for services provided at the CCRC, such
What Is an Entrepôt? The term entrepôt, also called a transshipment port and historically referred to as a port city, is a trading post, port, city, or warehouse where merchandise may be imported, stored, or traded before re-export, with no additional processing taking place and with no customs duties imposed. These port cities originated as a result
