Kasım, 2016

Financial Management: Standard and Actual Cost
Kasım 27th, 2016-Finance, Generaladmin 0 Comments

One of the interest topics of financial management process is the analysis of production costs. What is the standard cost of product, how much this product actually cost? In order to answer these questions, firstly it should be needed to investigate the factors that create the production costs. Production costs generally consist of two main [...]

Activity Base Costing (ABC)
Kasım 22nd, 2016-Finance, -Supply Chainadmin 0 Comments

Some taken decisions may result in frustration if the figures in financial statements which are used for giving many important strategical and tactical decision by doing profit/loss analysis are not correct. First of the biggest mistake that made in cost accounting is incorrect allocation of costs. Many companies allocate the costs with the most basic/general [...]