Bookkeeping

Cost of Quality

Cost of Quality

The prevention costs include specifications and inspection requirements for incoming materials, processes, and finished products, worker training and gauge calibration. The use of an MES (Manufacturing Execution System) like iBASEt’s Solumina which f...
Accounting Job Description

Accounting Job Description

With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations. Financial accounting (or financial accountancy) is the field of accounting concerned with the su...
Public vs. Private Accounting: Everything You Need to Know
Income TAx provision accounting entries

Income TAx provision accounting entries

So your company's income tax expense may be higher than its actual tax bill this year, but at some point in the future, the tax bill will be higher than the tax expense. Hence everybody is focused on finalisation of their books of accounts. The actua...
Using Cost-Volume-Profit Models for Sensitivity Analysis