Accounting

How to Calculate the Cost of Goods Manufactured (COGM)?

Calculating the Cost of Goods Manufactured is a good way to get an overview of production costs and how they relate to the bottom line of your business. It allows management to identify cash drains, to adjust prices, and to track the development of the business.

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What is Cost of Quality and How to Calculate It?

The Cost of Quality is the sum of the costs related to providing a quality product and the costs related to not providing a quality product. While an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products.

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What is an Accounting Manual?

Accounting manual is a document in which every organization defines its accounting policies and procedures – in this article, we give an overview of its goals and contents.

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