Acquisition cost refers to the amount paid for property, plant and equipment, the cost of acquiring a new customer or taking over a competitor.
It is useful in determining the full cost of property, plant and equipment as it includes items such as legal fees and commissions and excludes discounts and closing costs.
Acquisition costs are also useful for determining the total cost incurred in acquiring new customers and can be used to compare with the revenue generated from new customers.
Accountability is the acceptance of responsibility for one’s actions. This implies a willingness to be transparent, allowing others to observe and evaluate their work.
Accounting policies are the procedures a company uses to prepare financial statements. Unlike accounting principles, which are rules, accounting policies are the standard for following those rules.
Acquisition accounting is a set of formal guidelines describing how the acquirer should report the assets, liabilities, non-controlling interests and goodwill of the acquired company.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.