Adrienne An accounting policy is a set of guidelines that a company follows when preparing its financial statements. The policies cover topics such as revenue recognition, inventory valuation, and asset depreciation. The purpose of having accounting policies is to ensure that financial statements are prepared in a consistent manner from one period to the next. This … Read more
A short hedge is an investment strategy that is used to protect against downside price risk. The basic idea is to take a short position in a futures contract or other derivative instrument, such as a put option. This offsetting position will gain in value if the price of the underlying asset falls. The key … Read more
A notice of non-responsibility is a notice that is typically sent by an insurance company to a policyholder after the company has determined that the policyholder is not responsible for a claim. This notice may be sent after an investigation into a claim, or it may be sent after the insurance company has reviewed the … Read more
