The double declining balance method (DDB) is an accelerated depreciation calculation used in accounting.
In particular, the DDB method depreciates assets twice as fast as the traditional reducing balance method.
The DDB method takes into account higher depreciation costs in the early years of the asset’s useful life and smaller depreciation costs in later years.
As a result, companies choose the DDB method for assets that are likely to lose much of their value early or become obsolete more quickly.
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.