Weather and climate mountain ranges toward prevailing winds, and the ocean current. Weather and climate There is often confusion between weather and climate. Weather is the condition of the atmosphere at a particular place over a short period of time, whereas climate refers to the weather pattern, using statistical data, of a place over a long enough period to yield meaningful averages. Meteorology studies weather, while climatology studies climate; both are atmospheric sciences. Climate is an important physical element because it indicates the atmospheric condition of heat, moisture and circulation; it plays a dominant role in shaping vegetation and soil; and it ultimately
Financial condition report Financial condition report In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in a FCR involves "dynamic solvency testing", a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters. Dynamic solvency testing may involve both "deterministic projections", based on