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

A. Performance Measurement

Cost Driver Terminology

Why To Allocate Overhead Cost

How Product Costs Flows?

Did you carefully look at Income Statement?. Income statement consists of four main components such revenues, cost of revenue, expenses and operating income . Revenues is income generated by selling product or service to customers, Cost is resources are sacrificed to generate revenues. For merchandiser company, the cost is the cost of purchase of merchandise and any related cost added to make the merchandise are ready to sale. For service provider company, the cost is cost o

Planning

Product Costing

Definition of Financial Management

Management Accounting Practice

In our earlier post, we had discussed about accounting record. Now we will discuss how to properly record each financial transactions into chart of account of accounts. As we know that accounting is a process to present financial information resulted in a period of business operation starting from transaction identification, recording, posting balance, adjusting balance and reporting into financial statements.

The third financial statement that Susan needs to understand is the Statement of Cash Flows. This statement shows how Susan Feed Logistics cash amount has changed during the time interval shown in the heading of the statement.

Introduction to Accounting Principles

Characteristics of Accounting Information