GLOSSARY
AMORTIZATION: It refers to the spreading out of capital expenses for intangible assets over a specific duration (usually over the asset's useful life) for accounting and tax purposes. DEPRECIATION: Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. CUSTOMER PORTFOLIO: A customer portfolio is a segmented list of the various groups that do business with you. This portfolio helps them to get the big picture about their financial situation. Similarly, a customer portfolio can help a business get the big picture about its customer base. PROVISIONS: A provision is an amount that you put in aside in your accounts to cover a future liability. DEFERRED: It comprises the set of accounts represented in the value of the prepaid expenses incurred by the economic entity in the development of its activity, as well as those other expenses commonly denominated deferred charges, which represent goods or services received, of whic...