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Purchase price allocation (PPA) is an accounting process whereby a company allocates the purchase price of another company into various assets and liabilities acquired from the transaction. Learn how PPA is conducted in accordance with U.S. and international standards, and see an example of PPA calculation.
Amortization is a method of accounting for the expenses of intangible assets such as goodwill or brands. It is recorded as a reduction in the carrying value of the asset and as an expense in the income statement.
Historical cost is the value of the costs incurred in acquiring or creating an asset, not updated for changes in its value. Learn about the principles, exceptions and methods of historical cost accounting, and how it differs from fair value accounting.
Moog Inc. is an American company that designs and manufactures electric, electro-hydraulic and hydraulic motion, controls and systems for various applications. It has products and technologies for aircraft, space, defense, industrial and medical devices, and operates in twenty-six countries.
Goodwill is an intangible asset recognized when a firm is purchased as a going concern. It reflects the premium that the buyer pays in addition to the net value of its other assets, and it is not amortized or impaired under U.S. GAAP and IFRS.
Cost accounting is a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services. It provides the detailed cost information that management needs to control current operations and plan for the future, and uses various techniques such as standard costing, variance analysis, and budgetary control.
Book value is the value of an asset according to its balance sheet account balance. It is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Learn how to calculate book value for different types of assets and liabilities, and how it is used in financial analysis and valuation.
Learn the difference between FIFO (first-in, first-out) and LIFO (last-in, first-out) methods of inventory and financial accounting. See how they affect the cost of goods sold, the ending inventory, and the tax implications.