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 of the key department to success for controlling cost (and maximizing profit as the main goal of companies) is the purchasing department. Purchasing is …
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 …
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 …
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 …
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 …
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 …
