by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Adjusted Book Value?Book value, also known as theoretical book value, is a valuation process in which the total assets that a company has are deducted from intangible assets and liabilities. Adjusted Book Value, also known as modified book value, measures the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Update Table of Contents What is an Accumulated Fund?How is an Accumulated Fund Used?Academic Research for Accumulated Fund What is an Accumulated Fund?An association, charity, club, or any non-profit organization can have an accumulated fund. Money goes into the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What are Retained Earnings?Retained earnings, also known as Accumulated Earnings or Accumulated Earnings and Profits, can be defined as a company’s accumulated surplus or profits after paying out the dividends to shareholders. Generally, Retained earnings...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Batch-Level Allocation?Costing refers to the estimation of costs or expenses related to the production of a commodity or the delivery of a service. This might include direct costs and indirect costs. Batch-level costs refer to the costs of producing or...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Book of Original Entry?A book of original entry refers to an accounting book or journal where all transactions are initially recorded. This book can also be called a first entry or preliminary entry. It is the journal in which invoices, vouchers, cash...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Unearned Income?According to the Internal Revenue Service and American Social Security Administration, unearned income is all the income which are not earned through an employment or business. These incomes are derived from means other than the provision of...
