Explore topic-wise InterviewSolutions in Accounts and Finance.

INFO: Full form for ANP is Annualized New Premium in Accounts and Finance category
ANP also has other full forms in other categories mentioned below.

INFO: Full form for AIU is Audit Inspection Unit in Accounts and Finance category
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INFO: Full form for AIP is Annual Incentive Plan in Accounts and Finance category
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INFO: Full form for AIP is Average Invoice Price in Accounts and Finance category
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INFO: Full form for ABS is Accounting and Billing System in Accounts and Finance category
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INFO: Full form for ABS is Alternative Business Structure in Accounts and Finance category
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INFO: Full form for AFA is Associate of The Institute of Financial Accountants in Accounts and Finance category
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INFO: Full form for AFA is Accounting Firms Associated, Inc. in Accounts and Finance category
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INFO: Full form for FRO is From Receipt of Order in Accounts and Finance category
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INFO: Full form for CBO is Collateralized Bond Obligation in Accounts and Finance category
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The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974.

Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."

INFO: Full form for FRP is Fair and Remunerative Price in Accounts and Finance category
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INFO: Full form for AUP is Average Unit Price in Accounts and Finance category
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INFO: Full form for MGR is Monthly Gross Revenue in Accounts and Finance category
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INFO: Full form for CDO is Credit Default Option in Accounts and Finance category
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A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS). Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed sequence, based on the cash flow the CDO collects from the pool of bonds or other assets it owns. Distinctively, CDO credit risk is typically assessed based on a probability of default (PD) derived from ratings on those bonds or assets.

The CDO is "sliced" into sections known as "tranches", which "catch" the cash flow of interest and principal payments in sequence based on seniority. If some loans default and the cash collected by the CDO is insufficient to pay all of its investors, those in the lowest, most "junior" tranches suffer losses first. The last to lose payment from default are the safest, most senior tranches. Consequently, coupon payments (and interest rates) vary by tranche with the safest/most senior tranches receiving the lowest rates and the lowest tranches receiving the highest rates to compensate for higher default risk. As an example, a CDO might issue the following tranches in order of safeness: Senior AAA (sometimes known as "super senior"); Junior AAA; AA; A; BBB; Residual.

Separate special purpose entities—rather than the parent investment bank—issue the CDOs and pay interest to investors. As CDOs developed, some sponsors repackaged tranches into yet another iteration, known as "CDO-Squared", "CDOs of CDOs" or "synthetic CDOs".

In the early 2000s, the debt underpinning CDOs was generally diversified, but by 2006–2007—when the CDO market grew to hundreds of billions of dollars—this had changed. CDO collateral became dominated by high risk (BBB or A) tranches recycled from other asset-backed securities, whose assets were usually subprime mortgages. These CDOs have been called "the engine that powered the mortgage supply chain" for subprime mortgages, and are credited with giving lenders greater incentive to make subprime loans, leading to the 2007-2009 subprime mortgage crisis.

INFO: Full form for CDO is Collateral Debt Obligation in Accounts and Finance category
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An electronic remittance advice (ERA) is an electronic data interchange (EDI) version of a medical insurance payment explanation. It provides details about providers' claims payment, and if the claims are denied, it would then contain the required explanations. The explanations include the denial codes and the descriptions, which present at the bottom of ERA. ERA are provided by plans to Providers. In the United States the industry standard ERA is HIPAA X12N 835 (HIPAA = Health Insurance Portability and Accountability Act; X12N = insurance subcommittees of ASC X12; 835 is the specific code number for ERA), which is sent from insurer to provider either directly or via a bank.