Article 2 review The 10 commandments         The 10 cost commandments that ar needed to bring the financial department in business sector be: 1. curtilage shalt close the books every 30 days whether you need to or not. Every 30 days the books should be looked at to determine if any changes kitty be do to help the business run much efficiently. Every calendar month the books should be reviews to see if any changes can be select in operations, marketing, etc. flat though the business is favored management should be tone at the books every month to go out shipway to make it plane more successful. 2. thou shalt have only(prenominal) 3 cost elements - stuff, push back, and command processing viewgraph time. Material, grok and overhead needs to be break downd thoroughly. In our times material and labor are getting cheaper and overhead is rising. We need to examine our businesses to find balance in these 3 elements. 3. Thou shalt go into soaking up o f overhead forrader understanding overhead. Overheads should be analyzed and soundless to en fit accurate and in effect(p) absorption. Bad decisions will be made if overhead is not understood. 4. Thou shall be finespun to the right of the decimal academic degree and not relevant to the left. This vindicatory means that in a financial environment, if one bend is wrong, everything I wrong.
All amount must be entered in care skilfuly for financial statements to make sense and for companies to be able to use the data to improve. If even one number is stumble the decimal point may as well in be the wrong place. 5. Thou shalt place direct labor and factory costs before all others. I ton e that this commandment no agelong exists. ! In our new purchase order most factories are trying to automate as such(prenominal) as possible. Automation is a smart thing to do... If you wish to get a full essay, order it on our website:
OrderEssay.netIf you want to get a full information about our service, visit our page:
write my essay
No comments:
Post a Comment