Product Costing In manufacturing process, there are two main and traditional approaches to determine how to to accumulate, assign and...

A. Performance Measurement Mo Shao Lim is the CEO of Snack & Food Company that manufactured snack food and sale across the country. Snack...

Cost Driver Terminology Cost is basically termed as resources sacrifice to achieve income or revenues (business goal). The term "achieve"...

Why To Allocate Overhead Cost Extremely different to material cost and labor cost (direct product cost), overhead cost (indirect cost)...

How Product Costs Flows? Take a closer look at the second section of income statement. It is Cost of Goods Sold or Cost of Sales. As we...

Did you carefully look at Income Statement?. Income statement consists of four main components such revenues, cost of revenue, expenses...

Planning Managers of most organizations continually engage with creating a strategic plan for the future, and after the plan is...

Product Costing Managers in manufacturing company will always deal with this basic manufacturing cost problems. While manufacturing...

Definition of Financial Management Financial Management is a branch of management focused on how to maximize shareholder wealth through...

Management Accounting Practice

PSAK 16 (ASET TETAP) IAS (IFRS) 16 PSAK 16 (ASET TETAP) IAS (IFRS) 16 Tujuan Pernyataan ini bertujuan untuk mengatur perlakuan akuntansi...

In our earlier post, we had discussed about accounting record. Now we will discuss how to properly record each financial transactions...

Soon after a company has been established, the accounting process also start recording financial transactions occurred. There three main...

The third financial statement that Susan needs to understand is the Statement of Cash Flows. This statement shows how Susan Feed...

Financial statements are the result of accounting process starting from transactions identification, recording, posting, summarizing and...

Balance Sheet - Assets Mo then moves on to explain Susan with the balance sheet or financial position statement, a financial statement...

Introduction to Accounting Principles There are general rules and concepts that govern the field of accounting. These general...

Characteristics of Accounting Information Financial statements are presented to provide users with financial information that will be...

Modern Accounting Concept