by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Book-to-Bill Ratio?The Book to Bill is the ratio of received orders to the units shipped and billed for a particular period, generally monthly or quarterly. The ratio is commonly used by semiconductor equipment manufacturers in the technology industry....
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Reconciliation? Reconciliation is an accounting process that ensures two related sets of records are in agreement. This method is used for confirming that the total money leaving the account matches the money actually spent. It makes sure these two records...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is a Comfort Letter?A comfort letter is a written document that provides a level of assurance that an obligation will ultimately be met. In its traditional context, a comfort letter is given to organizations or persons of interest by external auditors regarding...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Book-to-Market Ratio?The book-to-market ratio is a ratio used to determine the value of a company by comparing its book value to its market value. The market value of a company is derived from the value (price) of its stock in the market. The book value is the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is Book Value of an Asset?The book value of an asset is the value equivalent to the assets carrying value in the balance sheet. It is calculated through netting the asset against its accumulated depreciation. The book value is also calculated through the total...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
What is an Associate of the Chartered Institute of Management Accountants (UK)?The Chartered Institute of Management Accountants (CIMA) is a professional body for management accountants which provides them with qualification and training in the field of management...
