by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Transfer Price?Transfer price, which is also known as transfer cost, refers to the amount that is set for the transfer of goods and services from one branch of a company to another. It is the price of trade activities or goods and services transferred between...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is the Trailing 12 Months?Trailing 12 months (TTM) is a metric that allows one to carry out a full year worth analysis of a company’s financial performance. TTM represents the data reporting the financial figures of an entity for a fiscal year which is the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is the Auditing Standards Board?The Auditing Standards Board (ASB) is saddled with the responsibility of communicating audit standards that practitioners are expected to live by. ASB is a senior committee member of the American Institute of Certified Public...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Amortized Cost?Amortized cost is that accumulated portion of the recorded cost of a fixed asset that has been charged as an expense (through either depreciation or amortization). Financial assets must be reported on a balance sheet at their amortized value...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Auditor’s Report?An auditors report refers to a written letter by an auditor/accountant after conducting an accounting audit process that opines whether a company’s financial statements as presented comply with the generally accepted accounting...
