Management accounting techniques break costs into two major cost classifications, product costs, which relate to manufacturing, and period costs, which are all non-manufacturing costs. Product costs ...

Cost accounting provides the management of a company with the information it needs to operate the business effectively. It differs from financial accounting in its focus on principles of costing, ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

Discover the differences between absorption and variable costing methods, how they impact financial statements, and why GAAP compliance is key for public companies.

A year and a half after launch, the team at Traction is continuing to make strides in offering farmers easy-to-use, multiple entity accounting software while minimizing double entry. Traction, a cloud ...

You drop a product when it loses money. Simple. But, as with most “simple” things, it’s always a good idea to apply a little extra thought. Going back to your cost accounting course in college, you ...

IF the costs of almost any group of manufacturers who market the same product are analyzed, two kinds of differences will be detected, according to the author. The real differences in costs arise from ...

A new generative AI tool, initially focused on the auditing and accounting space, accesses information within the AICPA ...

The Financial Accounting Standards Board’s recently issued accounting standards update on how to account for the production costs of movies and television episodes provides more clarity on how to deal ...

Kathleen Merrigan served as a reviewer for the SOFA 2023 report described in this article. She has received funding from the Global Alliance for the Future of Food. But there’s more to the cost of ...