Data & Finance for Work & Life
Data points, also known as data items, are the atomic state of data. Conceptually, you can think of them as one cell in a data table, or one piece of information, about an observation, at a given point in time. At face value, they seem so simple that many analysts blow past without a second […]
Data Point: Definition, Types, & Examples Read More »
If you’ve worked or studied information technology, you’ve probably heard about source code. Most textbooks provide a technical definition, but this is hardly practical because programmers have derived nuanced meanings of the term in practice. I spoke with 3 programmers to really understand what source code is, and to flush out key points professionals learn
What is source code? Definition, Types & Examples Read More »
Information is everywhere, and determining its reliability is a crucial skill. While some sources of information are qualitative in nature, the vast majority today are rooted in data. And where data is involved, the source of information a digital place of storage. This place of storage is called a data source. This article outlines what
Data Source: Definition, Types, & Common Examples Read More »
“Price range” sounds intuitive, and most of us have an idea what it means in our daily lives. But outside restaurants, hotels, and used cars, the term comes up in business, where it takes on a more nuanced meaning. In short, a price range is the spread of numbers between the lowest and the highest
What is a price range? Business Meaning, Synonyms & Examples Read More »
Whether you want a general definition or need to understand database queries, they’re both rooted in the same core concept. Simply put, queries are questions. But not all questions are alike. There are “yes and no” questions, open-ended questions, close-ended questions, free response questions, and more. In this article, I’ve broken down queries into types
Query (General & Data): Definition, Pronunciation & Examples Read More »
From a young age, we’re all exposed to data. You probably remember seeing data tables in science class as young as elementary school. Any one of those data tables was probably called a data “set” at some point. Why? Because it’s an easy, intuitive way to speak about data. But what is a data set
Data Set: Definition, Types, Examples & Public Data Sets Read More »
If you’re a data analyst, a business analyst, a financial professional (or anyone who uses Excel for that matter) then you know the feeling of wanting to move faster in Excel. Nobody likes to get bogged down clicking buttons with the mouse while their train of thought moves forward. In addition, the further you progress
How to Use Excel Without a Mouse (32 Shortcuts) Read More »
Even for experienced finance professionals, interest is a tough topic. Between fixed, variable, simple, accumulated, accrued, and others, I find myself needing a review from time to time. Specifically, accrued interest and compound interest are easy to confuse because they both “grow” over time, just not in the same way. In this article we’ll define
Accrued Interest vs Compound Interest Read More »
Asset impairments are normal changes on a company’s balance sheet. They’re how accountants prudently reevaluate asset worth in alignment with the market. Specifically, when a company records an asset, they record it at the purchase price and depreciate its value over time. However, if price simulations indicate that the free market value (FMV) of the
Are asset impairments tax deductible? Read More »
If you’re anything like me, information about tax bases feels frustratingly opaque. While it’s critical for financial analysts to understand them, we usually leave tax topics to accountants. I’ve found that the easiest way to tackle tax base is starting with the tax base of assets. The tax base of an asset is a formal
Tax Base of Assets: Definition & Examples Read More »
