Glossary

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) represents a measure of a company's operating performance, excluding interest, taxes, and non-cash expenses, commonly used to evaluate profitability.

The economic attributes framework is a tool used to assist analysts and decision-makers in comprehending the economic implications of a proposed project or policy change.

The effective corporate tax rate represents the actual percentage of a company's profits paid in taxes after accounting for deductions, exemptions, and credits.

Enterprise Resource Planning (ERP) is a comprehensive software system that integrates various business processes and functions, including inventory, accounting, human resources, and more, into a unified platform for streamlined operations and data management.

Exposure in foreign exchange refers to the potential risk or sensitivity of a company's financial situation to fluctuations in currency exchange rates.

Financial close is the process of finalizing and completing all financial transactions, adjustments, and reporting at the end of an accounting period to accurately reflect a company's financial standing.

A financial plan is a comprehensive outline detailing an individual's or organization's objectives, strategies, and anticipated actions to manage and optimize their finances effectively.

Financial reporting involves the disclosure of a company's financial performance and position through documents and statements, allowing stakeholders to assess its economic activities and status.

A fiscal year is a 12-month period that organizations or governments use for accounting and budgeting purposes to track financial performance and report income and expenses.