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-People were afraid to change jobs in fear of losing their health insurance. COBRA changed that, allowing people to purchase health care coverage between jobs.
Debit-Credit Analysis
A fundamental accounting technique that balances debits and credits in financial transactions to maintain the equation of assets = liabilities + equity.
Credit Services
Financial services that provide customers with credit facilities to purchase goods or services, including loans, credit cards, and lines of credit.
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.
IFRS
International Financial Reporting Standards, a set of accounting standards providing a global framework for how public companies prepare and disclose their financial statements.
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