by Accountant Town | Aug 16, 2019 | Equation
The Expanded Equation Conducting Further Analysis with an Expanded Accounting Equation An expanded accounting equation is a means of gathering more specific detail about the owner’s equity component in a traditional accounting equation. The expanded equation is as...
by Accountant Town | Aug 16, 2019 | Equation
It is important that business owners and accountant do not underestimate the importance of accounting equation analysis. Understanding the function of this equation is necessary to reading a balance sheet, as well is in comprehending a company’s financial statements...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Creating a Cost Accounting System DEVISING A COST SYSTEM Co-operation of Management and EmployeesAfter the plant has been thoroughly examined, and all the information has been classified according to the different phases of cost-finding, the next...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – The Estimating Cost System ESTIMATING COST SYSTEMS Purpose and KindsThe estimating cost system is used for verifying estimates of the cost of production and for locating mistakes in the estimates. How well its purpose is realized depends on the...
by Accountant Town | Aug 16, 2019 | Systems & Methods
Cost Accounting – Departmental Cost System Departmental and Estimating Cost Systems The departmental cost system is the next step in advance upon the estimating system last described. In both systems the class of product is the unit on which costs are based, the...
