- Saturday, January 3, 2009, 4:27
- Finance
- 1,939 views
Cost accounting is the process of tracking cost of products and services produce by the company. Cost accounting calculate the cost of labor,material and factory overhead to determine the cost of goods and services. Manger use cost accounting to support decision making to reduce a company's cost and improve its profitability. Cost account don't need to follow the standards such as GAAP etc.Financial accounting ...
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- Monday, November 10, 2008, 6:10
- Finance
- 484 views
Assets
Something that have value is called assets, assets are the resources such as land,building,furniture.
assets are futher divided into two types.
1- Tangible Assets
2- Intangible assets
Tangible Assets - Aseets which pysically exisit and we can see and touch it are the tangible assets. For example - Land,building,cars,furnitures,computers etc.
Tangible Assets are further divided into two parts.
Current Assets - Assets can be easily converted into cash within a year ...
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