by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Accounting Research Bulletin?Accounting Research Bulletins are the documents issued Committee on Accounting Procedure (CAP), which was part of the American Institute of Certified Public Accountants (AICPA). These documents were issued between 1938 and 1959...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Activity Driver Analysis?Activity cost driver analysis is a method used to assess and identify factors that influence the operation cost. This is usually a cost related to goods and services which forms part of activity-based costing (ABC). In other words,...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Adjunct Account?An adjunct account refers to an account that leads to increase in the book value of a liability account. It is typically used to adjust the value of the liability account with a credit to match the total value of debits to asset accounts in...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Accountant’s Index?An Accountants Index is a list of books and papers (pamphlets, articles and government documents) pertaining to the field of accounting that is of interest to accounting professionals, especially in the United States. The list is...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Accounting Convention?Accounting conventions are standards, customs or guidelines associated with the practical application of accounting principles, and are aimed at bringing about consistency in the maintenance of accounts. Are Accounting Conventions...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Accounting Insolvency?Accounting insolvency is a situation when the value of an organization’s liabilities to its creditors exceeds the total value of its asset. It is different from the actual insolvency or cash flow insolvency. Actual insolvency is a...
