Instructions: Please Define the Following Key Terms

question 52

Essay

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Redemption

Understand the implications of IT decisions on organizational efficacy.

Recognize the significance of technological frameworks and environments in development, like containers and object-oriented development.

Acknowledge the impact of database design and IT infrastructure on an organization's longevity.

Understand the importance of IT planning and justification in organizations of all sizes.

---

Definitions:

Associate's Profit

The portion of profits attributable to a company's investment in an associate, typically accounted for using the equity method.

Equity Accounted Balance

A valuation method used in accounting for investments, where the investment is initially recognized at cost and subsequently adjusted for the investor’s share of the investee’s net assets changes, including profits and losses.

Profit/(Loss)

The financial result of a business's operations for a specific period, calculated as income minus expenses. If positive, it's a profit; if negative, a loss.

Equity Accounted Balance

A valuation method for the recognition of investments in associates, where the investment is initially recorded at cost and adjusted for the investor’s share of the net profit or loss of the investee.