by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What are Product Costs or Manufacturing Costs?Product or manufacturing costs are all costs related to the production of goods. This might include material costs, wages, equipment and facilities, and commissions. Product costs are broken down further into: Direct...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Depreciation, Depletion, and Amortization?Depreciation, depletion, and amortization (DD&A) refer to an accounting technique (generally accrual accounting) that a company uses to match the cost of an asset to the revenue generated by the asset over its...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Net Dollar Retention?Net dollar retention (or net revenue retention) is a metric used to measure a company’s year-over-year performance. It compares the amount of revenue that a company brings in a given year from the previous year’s existing...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is the Statement of Retained Earnings?The statement of retained earnings refers to the financial statement of an organization that highlights the changes that its retained earnings have in a given time period. This document does the reconciliation of retained...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What are Consolidated Financial Statements?A consolidated financial statement is a financial statement of a parent company and all its divisions or subsidiaries. A consolidated financial statement is often used by the Financial Accounting Standards Board in the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Qualified Opinion?A qualified opinion is the opinion of an auditor over the financial statement of a company or information provided, stating that they are incomplete. In an audit, an audit is required to give a professional opinion about the financial data...
