Clm In A Flash

Front 1

the process by which an organization delivers and sustains support services in a quality environment to meet strategic needs

Back 1

facilities management

Front 2

selling accounts receivable to a third party

Back 2

factoring

Front 3

change in (1) an accounting principle; (2) an accounting estimate; or (3) the reporting entity that necessitates DISCLOSURE and explanation in published financial reports

Back 3

accounting change

Front 4

percent of applicants hired divided by the total number of applicants

Back 4

acceptable rate

Front 5

any pattern of depreciation that systematically writes off depreciable costs so that progressively smaller amounts are allocated each year

Back 5

accelerated depreciation

Front 6

costs that a company incurs that are not directly sensitive to volume changes

Back 6

fixed costs

Front 7

assets owned by a company and used in the operation of its business that are expected to last more than one year

Back 7

fixed assets

Front 8

software that sits between a firm's internal network and the outside internet and limits access into and out of the firm's network

Back 8

firewall

Front 9

a wall, ceiling or floor surface, including glass, as prepared for tenant use, excluding the thickness of any special surfacing materials such as paneling, furring strips and/or carpet

Back 9

finished surface

Front 10

typically pertain to increases/decreases in partners' capital accounts, and proceeds from or payments relating to debt (part of a statement of cash flows)

Back 10

financing activities

Front 11

an analytical process of examining past events and understanding the business circumstances, both internal and external, that caused those events to occur

Back 11

financial analysis

Front 12

allows data to be recreated in the event that a computer's hard drive fails

Back 12

fault tolerant hard drive

Front 13

discrimination exists if the selection rate for a protected group is less than 80% (4/5ths) of the selection rate for the majority group or less than 80% of the majority's group representation in the relevant labor market.

Back 13

4/5ths rule

Front 14

a broker's buzz word for rentable floor size

Back 14

floor plate

Front 15

client engages law firm to provide a specific service for a set price

Back 15

fixed or flat fee

Front 16

the FMLA allows employees who have not met minimum service requirements (12 months employed by the company with 1,250 hours of service in the preceding 12 months) to take up to 12 weeks of unpaid leave per year for (1) serious health condition; (2) to care for a family member with a serious health condition; (3) the birth of a child; (4) the placement of a child for adoption or foster care

Back 16

Family and Medical Leave Act of 1993

Front 17

the exchange price that would prevail for a good or service traded in an active market consisting of a large number of well-informed buyers and sellers

Back 17

fair market value

Front 18

benefit plans that allow employees to contribute pre-taxed dollars to buy certain additional benefits

Back 18

flexible spending accounts

Front 19

work-related rewards that have a measurable monetary value, unlike intrinsic rewards, such as praise or satisfaction in a job well done

Back 19

extrinsic reward

Front 20

a private network that uses internet protocols, network connectivity, and possibly the public telecommunication system to securely share part of an organization's information or operations with suppliers, vendors, partners, customers, or other business

Back 20

extranet

Front 21

outflows or other using up of assets or incurrences of liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major or central operations

Back 21

expenses

Front 22

each calendar year in which any portion of the term of the lease falls, through and including the calendar year in which the term of the lease expires

Back 22

expense year

Front 23

the recognition of an expenditure and its recording for accounting purposes in the time period that benefited from it.

Back 23

expense

Front 24

citizen of one country work is working in a second country and employed by an organization headquartered in the first country

Back 24

expatriate

Front 25

employees to who employers are not required to pay overtime under the Fair Labor Standards Act (FLSA) of 1938

Back 25

exempt employees

Front 26

the portion of the insurance policy that usually begins with "the policy does not apply to..."

Back 26

exclusions

Front 27

the discipline concerned with what is morally good and bad, right and wrong. the term is also applied to any system or theory of moral values or principals.

Back 27

ethics

Front 28

the screening method implemented to protect a client from a conflict of interest and their confidences and secrets

Back 28

ethical wall

Front 29

specified in lease agreements where renewals of lease period are built in. it involves an increment in the base rent at every renewal of a lease agreement and in general a percentage rate that is either pre-agreed or negotiated before the renewal of the lease agreement

Back 29

escalation clause

Front 30

an insurance policy providing businesses with coverage and protection against potential lawsuits from clients or customers

Back 30

errors and omissions insurance

Front 31

A court order that requires an employer to withhold a certain percentage from an employee's pay to settle a debt with a creditor is also called a: _______________.

Back 31

Garnishment

Front 32

our law firm is asking business partners to respond to a series of specific requirements and share their qualifications. What is this called? List both the full answer and its acronym.

Back 32

Request for Proposal or RFP

Front 33

What is a method used to group jobs together that have approximately the same relative internal worth and the same rate of pay?

Back 33

Pay grades