by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Financial Statement Analysis?Every company, firm or organization has a financial statement which is the official record of losses, profits, expenses and revenue of a business over a given period of time. Examples of a company’s financial statements are...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Accrued Dividend?An Accrued Dividend, also known as an accumulated dividend is a dividend whose payment date is due but it has not been paid to the shareholder. The dividend is retained by the issuer until paid, so it is accrued or accumulated.Accumulated...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Absorption Variance?The absorption variance represents the amount of labor and overhead costs that were not absorbed or charged to the products; they represent production costs that will never be recovered through the sale of the product. Typically an...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What are Current Liabilities?A current liability refers to a debt that is due within 12 months, this type of debt or obligation must be repaid within a current period, which is often one year of its life cycle. Companies or individuals accrue debts or financial...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Forensic Accounting?Forensic accounting involves making use of accounting, auditing, and investigation based knowledge in order to examine the financial activities of a person or an organization. It offers an accounting analysis as proof that one can use in...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Big Four Accounting Firm? The Big Four refers to the largest accounting and auditing firms in the United States. This measurement is taken by their revenue details, and not really the quality of their work, although the latter might also come in handy in...
