Cost accounting is a type of managerial accounting that considers budgets and the cost to produce items. Managers use the results from cost accounting to make decisions that maximize profits while minimizing expenses, ac... More »

www.reference.com Business & Finance Business Resources Accounting

According to AccountingExplained.com, companies use cost accounting systems to determine operations costs and estimate accurate costs of production. Cost accounting systems provide information in inventory valuation and ... More »

www.reference.com Business & Finance Business Resources Accounting

Financial accounting is important because it provides an organization's stakeholders with business statements, allowing them to know if the organization is making or losing money. This information is essential in determi... More »

Throughput accounting is an offshoot of variable cost accounting that treats direct material costs as the only variable cost, while all other costs are assumed to be fixed, explains Richard J. Lukesh of Turnaround.org. T... More »

According to AccountingExplained.com, companies use cost accounting systems to determine operations costs and estimate accurate costs of production. Cost accounting systems provide information in inventory valuation and ... More »

www.reference.com Business & Finance Business Resources Accounting

Common accounting terminology includes cash flow, cost of goods sold, generally accepted accounting practices and general ledger. Other terms are accounts payable, accounts receivable, balance sheet, assets and liabiliti... More »

www.reference.com Business & Finance Business Resources Accounting

In accounting, the word "expenditure" is used to indicate a cost that a company pays to acquire equipment or other assets. Expenditures can also reduce liabilities or be disbursed to owners. They can be considered a type... More »