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Financial accounting deals with the external financial statements reported by businesses. Accounting involves more than preparing a company’s external financial statements, although this is certainly one...
One of the key department to success for controlling cost (and maximizing profit as the main goal of companies) is the purchasing department. Purchasing is the...
Why have practices such as lean manufacturing and six-sigma process improvement tools had such a profound impact on inventories? And how does e-commerce enable even more...
To keep stay in a business (any businesses), benchmarking is critical. But to be honest, many of us have not realy understand yet; what benchmarking really is and...
The budgeting process is usually rife with delays, which are caused by several factors. One is that information must be input to the budget model from...
Operating ratios may be even more useful than financial ratios because of the timely nature of their calculation and the decision specific nature of their use....
Segmental reporting is the process of reporting the activities of profit centers such as divisions, product lines, or sales territories. The contribution approach is valuable for...