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Tuesday, May 29, 2012

Finance Glossary


A/R : A/R is the monies due to the company for goods sold or services rendered for which payment has not yet been received

CIP : CIP is the abbreviation for continuous improvement plan, a set of activities designed to bring gradual, but continual improvement to a process through constant review.

H1 & H2 : H1 is a shorthand expression for the first half of a company's fiscal year. For a fiscal year that starts in January, H1 is January through June. The US Government's fiscal year starts in October, so H1 there refers to October through March. H2 is a shorthand expression for the second half of a company's fiscal year. For a fiscal year that starts in January, H2 is July through December. The US Government's fiscal year starts in October, so H2 there refers to April through September.

Paradigm : A paradigm is a pattern or example. In business it is a framework of behaviors or set of rules action governing people's actions and assumptions.