by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Absorption Pricing?When a price is set for a product and the price covers all costs, including variable and fixed costs, it is an instance of absorption pricing. Absorption pricing is a pricing method in which all costs (variable and fixed) involved in the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Update Table of Contents What is the International Financial Reporting Standards?What Does the International Financial Reporting Standards Do?Standard IFRS RequirementsIFRS vs. American StandardsIFRS HistoryAcademic Research on International Financial Reporting...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Profit Margin?In Mathematical terms: Profit Margin = Net Profits (or Income) / Net Sales (or Revenue) Profit Margin = (Net Sales – Expenses) / Net Sales Profit Margin = 1- (Expenses / Net Sales) Profit margin is used to show the profitability capability...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is the Financial Accounting Standards Board (FASB)?The Financial Accounting Standards Board (FASB) is an independent, private-sector, non-profit organization that is responsible for the formulation and promulgation of financial accounting and reporting standards...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is the First In – First Out (FIFO) Accounting Method? First In First Out (FIFO), sometimes referred to as Last In Still Here (LISH), is a method of inventory valuation employed in the field of accounting, that is founded on the premise that the sale, usage...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Mark To Market?Mark to market (MTM) is an accounting method that is based on measuring the value of assets based on their current price. It is also called a fair value accounting that measures the value of assets or liabilities whose value can change over...
