Numismatics – What it is, definition and concept

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

Deferred tax asset

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

Relevant cost – What is it, definition and concept

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

Cost control – What it is, definition and concept

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

Paul Samuelson –

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

Transition from feudalism to capitalism

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