Utility Finance Terms or Just Finance Terms
Regulatory accounting method that accounts for the cost of financing a construction project
Allowance for Funds Used During Construction (AFUDC)
The act, process or practice of settling a dispute in a court of law. Our current case is this.
What is litigated or litigation?
Woah! As soon as I drove my car off the lot it did this in value.
What is depreciate?
The amount a lender charges a borrower and is a percentage of the principal - the amount loaned.
What is an interest rate?
This 2015 film was the subject of the housing bubble that triggered the financial crisis in 2007-2008, staring Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.
What is The Big Short?
This act was passed in 2002, which is a federal law that aims to improve the accuracy and reliability of financial reporting (You can thank Enron for this)
What is the Sarbanes-Oxley Act?
This process allows the Company to refute testimony.
What is the rebuttal process?
This type of tax is a local tax, raised and spent locally to finance local governments and public schools.
What is a property tax?
I hope you take advantage of the employee stock purchase plan! You can earn this or in other words a portion of the company's earnings distributed to shareholders.
What is a dividend?
This 2013 film directed by Martin Scorsese dives into the life of Jordan Belfort which stars Leonardo DiCaprio and Jonah Hill.
What is the Wolf of Wall Street?
A statement of the assets, liabilities and capital of a business at a particular point in time.
What is the balance sheet?
The total value of a utility's assets, which is used to calculate the amount of revenue it can collect from customers.
What is rate base?
The amount of money the owner of an asset would be paid after selling it or you build this as you pay off your mortgage.
What is equity?
This type of plan is great for securing a fixed, stable income throughout their retirement. If you joined after 2008, well you're out of luck.
What is a pension?
In this 1983 film staring Eddie Murphy and Dan Aykroyd, follows the story of a bet placed by successful brokers played by Don Ameche and Ralph Bellamy.
What is Trading Places?
These are considered the Big 5 Accounting firms in the United States... well I guess it's the Big 4 now.
What is EY, Pricewaterhouse, Deloitte, KPMG?
This is an accounting method that delays the recognition of certain transactions until a later accounting period. Storm costs usually go into one of these, I think.
What is deferral accounting or deferral?
A numerical rating representing the perceived ability of a person or organization to fulfill their financial commitments. If you have between an 800 and 850, that's considered excellent.
What is a credit score?
In this type of market, prices are typically falling and investors fear the economy is weak. You might start liquidating during this time.
What is a bear market?
This 1999 movie is a satire staring Ron Livingston who unintentionally charms consultants into putting him on the management fast track. Also, staring Jennifer Aniston.
What is Office Space?
This is an unpaid and overdue debt.
What are arrears?
This is set by the Public Service Commission typically in the range of 9 to 11%.
What is return on equity (ROE)?
What is Rich Dad, Poor Dad?
The Financial Accounting Standards Board (FASB) is a standard setting body that establishes this set of accounting principles used in the U.S. and known by this four letter acronym?
What is GAAP?
This 2011 thriller is named for a situation in which money must be added to an account to meet minimum capital requirements. Stars Paul Bettany and Jeremy Irons.
What is Margin Call?