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Accounting System

Accounting Cycle: Meaning, and Stages

August 18, 2024 · Ahmad Nasrudin

What's it: Accounting cycle refers to the set of processes for identifying, analyzing, and recording accounting events. The cycle starts with identifying transactions and ends with entering these transactions in the financial statements. During

Management Accounting: Meaning, Scope of Work

January 21, 2025 · Ahmad Nasrudin

What's is: Management accounting is a branch of accounting providing information for internal users and corporate decision making.Like financial accounting, the management accounting process also includes identifying, measuring, collecting,

Full Costing: Meaning, Components, Pros, and Cons

January 21, 2025 · Ahmad Nasrudin

What's it: Full costing is a cost accounting technique that considers all the costs of producing a single unit of product, whether fixed or variable overhead. These costs include direct material costs, direct labor costs, and all overhead costs.

Cost Accounting: Meaning, Concepts, and Methods

January 27, 2025 · Ahmad Nasrudin

What's it: Cost accounting is the accounting branch that provides information to help management evaluate costs and production efficiency. It assesses each production step's input costs and the fixed costs to calculate the cost of

Activity-Based Costing: Meaning, Benefits, and How it Works

January 21, 2025 · Ahmad Nasrudin

What's it: Activity-based costing (ABC) is a costing approach in which the company will first identify the activities it undertakes and then determine the resources consumed by each activity. Under this method, the product's cost is based on the

Accrual Accounting: Meaning, Examples, Pros, Cons

January 21, 2025 · Ahmad Nasrudin

Accrual accounting is an accounting method by which companies recognize revenue when earned and record expenses when incurred, regardless of the time of cash. In other words, a company can recognize revenues and expenses even though it has not

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