Normalisation
AccountingAdjusting reported figures so two companies can be compared fairly.
In plain terms
Recompute both at the statutory tax rate, strip one-offs, and add guarantees to debt.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Normalisation of deviance
Risk & psychologyThe process by which a tolerated exception becomes the standard the next exception is measured from.
In plain terms
Nobody decides to take a large risk. They take one slightly larger than last time, it is fine, and that becomes the new baseline.