Chapter 3 FARE - Marketable Securities - Business Combinations - Equity Method - Consolidated F/S - Intercompany Transactions - Combined F/S's - Push down accting - Variable interest entities.
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US GAAP: - Goodwill is the excess of the fair value of the subsidiary (acquisition cost plus noncontrolling interest) over the fair value of the subsidiary's net assets, including identifiable assets at FV. - Goodwill = Fair Value of subsidiary - Fair value of subsidiary net assets.
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Out-of-Pocket Expenses and Health Care. In the health care and insurance industries, out-of-pocket expenses refer to the portion of the medical bill that the insurance company does not cover and that the individual must pay on his own. Out-of-pocket health care expenses are not the same as deductibles. Instead, it is an umbrella term that refers to deductibles, co-pays and coinsurance. Arguably, out-of-pocket expenses force the insurance holder to carefully consider whether or not he truly needs medical care.
http://www.investopedia.com/terms/o/outofpocket.asp
In a production facility, labor and material costs are usually variable costs that increase as the volume of production increases. It takes more labor and material to produce more output, so the cost of labor and material varies in direct proportion to the volume of output.
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Costs are the necessary expenditures that must be made in order to run a business. Every factor of production has an associated cost. The cost of labor, for example, used in the production of goods and services is measured in terms of wages and benefits. The cost of a fixed asset used in production is measured in terms of depreciation.
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A rate at which estimated manufacturing overhead costs are assigned to products throughout the year; equals total estimated manufacturing overhead costs divided by a suitable allocation base, such as number of units produced, direct labor hours, direct materials used, or direct labor costs.
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Out-of-pocket expense. An out-of-pocket expenses (or out-of-pocket cost) is the direct outlays of cash that may be later reimbursed. In operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for the trip.
https://en.wikipedia.org/wiki/Out-of-pocket_expenses
The acquisition cost is allocated to the fair value of 100% of the balance sheet accounts & the fair value of 100% of the identifiable intangible assets. This creates a negative balance in the acquisition account, which is recorded as a gain.
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Out-of-Pocket Costs. Your expenses for medical care that aren't reimbursed by insurance. Out-of-pocket costs include deductibles, coinsurance, and copayments for covered services plus all costs for services that aren't covered. Related content. How to save on out-of-pocket health care costs.
https://www.healthcare.gov/glossary/out-of-pocket-costs/
These costs include direct materials, direct labor, and applied manufacturing overhead. A method used in a process costing system to measure the production output during a period. Equivalent units of production essentially measures the work done by the center or department in terms of units of output. Budgeted manufacturing overhead costs that are used to establish the predetermined overhead rate.
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what are direct out-of-pocket costs?
The direct outlays of cash that may be later reimbursed.