A forensic auditor is in charge of locating accounting fraud behavior in a company or institution. Using auditing techniques, it analyzes these aspects in order to detect bad practices. As a professional, the forensic auditor is in charge of putting into practice the proper aspects of forensic auditing. This discipline stands out for the search … Leer más
Numismatics is the economic discipline that deals with the study of coins. It allows to establish its value in a formal way and to facilitate historical disclosure at the same time. By means of numismatics, a model of analysis or study of the currency is established. That is, it encompasses all knowledge and methodology concerning … Leer más
A deferred tax asset is a recoverable amount of tax in future periods for deductible temporary differences, accumulated tax losses or accumulated tax credits. In the field of accounting, a deferred tax asset refers to those income taxes that an individual or a company can recover in the next fiscal years. In this sense, it … Leer más
A relevant cost is that type of cost whose modification or alteration affects the total cost set. These changes arise from the manager’s decision making. In the accounting and economic sphere, the concept of relevant cost acquires an important role in decision-making or the design of strategies. The relevant costs indicate to the manager which … Leer más
Maintenance costs are those related to the conservation and restoration of the assets of an individual or a company. In day-to-day business, maintenance costs represent an important item on the volume of total fixed costs. They help to keep equipment in optimum condition and to achieve previously defined levels of efficiency. For this reason, in … Leer más
Cost control is an accounting practice aimed at achieving the maximum possible profit. To do this, using the optimal resources and incurring the appropriate costs for a project. Accounting work places cost control as a basic business activity in all types of economic activities. Through cost control, companies have the ability to plan and control … Leer más
The available asset is the one that an organization has to immediately satisfy commitments or payment obligations of all kinds. In the day-to-day accounting of a commercial company, the available asset is identified with the amount of money that it can have immediately. This amount is usually deposited in bank accounts or in the company’s … Leer más
Paul Anthony Samuelson (1915-2009) was an American economist, winner of the Nobel Prize in Economics in 1970. Such was his contribution to the world of economics that he is considered one of the most relevant economists of the 20th century. Awarded the National Medal of Science, the highest scientific award in the United States, … Leer más
The transition from feudalism to capitalism is the period of change that the agricultural and rural economies experienced at the end of the Middle Ages, after which these economies began to industrialize and organize themselves in urban centers. And it is that this transition process begins at the end of the Middle Ages, but lasts … Leer más
Amancio Ortega, born in 1936, is a Spanish businessman who, together with his wife Rosalía Mera, created Inditex (Industria de Diseño Textil), a business giant in the textile sector. His business success has led him to become one of the richest men in the world. Ortega has one of the greatest fortunes in Spain and … Leer más
