Difference between Financial Management & Financial Accounting
Because managerial accounting is not for external users, it can be modified to meet the needs of its intended users. This may vary considerably by company or even by department within a company. For example, managers in the production department may want to see their financial information displayed as a percentage of units produced in […]
What Is the Economic Order Quantity? EOQ Formula, Calculator, Example
The shaping department completed 7,500 units and transferred them to the testing and sorting department. No units were lost to spoilage, which consists of any units that are not fit for sale due to breakage or other imperfections. Since the maximum number of units that could possibly be completed is 8,700, the number of units […]
Bond Valuation: Calculation, Definition, Formula, and Example
Price-to-book (P/B) ratio as a valuation multiple is useful for comparing value between similar companies within the same industry when they follow a uniform accounting method for asset valuation. The ratio may not serve as a valid valuation basis when comparing companies from different sectors and industries because companies record their assets differently. There is […]
How to Make a Compilation Video
The CPA must be independent from the entity and any of its affiliates to perform a review of financial statements. Because of the even more limited scope of compilation procedures, the CPA’s report will not express an opinion or provide any assurance regarding the financial statements. As the name suggests, a compilation is simply a […]
