Understanding The Accounting Cycle In Trading Business
Posted onCost accounting is an accounting process that measures and analyzes the costs associated with merchandise, manufacturing, and tasks, in order that appropriate quantities are reported on a company’s financial statements. Accounting is the language of speaking the financial health of a corporation to homeowners, management, employees and other key stakeholders (customers, collectors, banks, shareholders, and many others.). Correctly applied, accounting provides related information (within the form of financial statements) to the owners and executive administration workforce, so that they can make appropriate selections for operating the enterprise. The accounting cycle is the means for ensuring that these monetary statements provide … Read More