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Incurred But Not Reported (IBNR) Definition.

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Incurred but not reported (IBNR) is an insurance accounting term used to describe the estimated amount of losses that have been incurred by an insurance company but have not yet been reported to the company. IBNR is a key metric used by insurers to measure their loss reserves, as it can have a significant impact … Read more

Activity Ratios.

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Activity ratios are financial ratios that measure a company’s ability to convert different accounts within its balance sheet into cash or sales. The three most common activity ratios are the inventory turnover ratio, the receivables turnover ratio, and the payables turnover ratio. The inventory turnover ratio measures a company’s ability to turn its inventory into … Read more