Finance

What Is the Accounting and Auditing Organization for Islamic Financial Institutions? The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is a not-for-profit organization established to maintain and promote Shari’ah standards for Islamic financial institutions, participants, and the overall industry. The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) was established in 1991

What Is the Average Annual Return (AAR)? The average annual return (AAR) is a percentage used when reporting the historical return, such as the three-, five-, and 10-year average returns of a mutual fund. The average annual return is stated net of a fund’s operating expense ratio. Additionally, it does not include sales charges, if

What Is AARP? The American Association of Retired Persons, commonly known by its acronym AARP, is America’s leading organization for people aged fifty and older, providing member benefits, marketing services, and lobbying on their behalf. Founded in 1958 by retired educator Dr. Ethel Percy Andrus as the American Association of Retired Persons, AARP is a

What Is the ABA Bank Index? The ABA Bank Index is a stock index comprised of community and regional banks. The American Bankers Association (ABA) helped create the index to represent smaller institutions within the banking industry, in contrast to the KBW Banking Index that tracks larger banks. The ABA Bank Index is published on the Nasdaq under

What is an Abacus? An abacus is a calculation tool used by sliding counters along rods or grooves, used to perform mathematical functions. In addition to calculating the basic functions of addition, subtraction, multiplication and division, the abacus can calculate roots up to the cubic degree. Abacus is also an academic accounting journal published and

What Is the Abandon Rate? The abandon rate is the percentage of tasks that are abandoned by the customer before completing the intended task. There are two common industries where the abandon rate is a commonly used metric. The first is in call centers, the second is e-commerce. Key Takeaways The abandon rate is the

What Is an Abatement Cost? An abatement cost is a cost borne by firms when they are required to remove and/or reduce undesirable nuisances or negative byproducts created during production. As businesses shift towards pursuing environmental, social, and governance (ESG) means, abatement costs play a large role in discouraging companies from leniency on their environmental

What Is the 0x Protocol? The 0x (zero x) protocol is a protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain. The 0x protocol was launched in 2017 by 0x Labs, an organization based in San Francisco focused on creating new markets in the 0x ecosystem. The protocol itself is not, by

What Is Form 1040: U.S. Individual Tax Return? Form 1040 is the standard Internal Revenue Service (IRS) form that individual taxpayers use to file their annual income tax returns. The form contains sections that require taxpayers to disclose their taxable income for the year to determine whether additional taxes are owed or whether the filer

What Was Form 1040-A: U.S. Individual Tax Return? Form 1040-A of the Internal Revenue Service (IRS) was a simplified version of Form 1040 used by U.S. taxpayers to file an annual income tax return. To have been eligible to use Form 1040-A, an individual needed to meet certain requirements such as not itemizing deductions, not