The Branch of Accounting That Serves as a Bridge Between

question 92

Short Answer

The branch of accounting that serves as a bridge between financial and managerial accounting is ____ accounting.

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Definitions:

Fair Value

The amount it would take to sell an asset or transfer a liability in a regulated deal between parties in the market at the time of evaluation.

Operating Income

Earnings from a company's core business operations, excluding deductions of interest and taxes.

Initial Value Method

An accounting method that records an investment at its original cost without adjusting for changes in market value or the investee's earnings, except to recognize impairments.

Intra-entity Transfers

Transactions occurring between divisions or units within the same company.