The Banker's Year is a convention that standardizes the length of a month at 30 days and of a year at 360 days for ease of financial calculations, simplifying the handling of interest and other financial computations.
GIPS, or Global Investment Performance Standards, are a set of ethical principles created to guide investment firms on how to handle and report investment performance, enhancing standardization, transparency, and comparability of investment performance worldwide.
USALI is a standardized accounting system used within the hotel industry to ensure consistency in financial reporting, improve financial analysis, and aid management in decision-making processes.
