Accounting and Bookkeeping

by Cristina Nuta - Accounting is a branch of economics whose purpose is to supply information in financial terms on the resources of an organization, on how past managerial decisions have influenced these resources and consequently it can be a useful instrument for decision-making concerning the allocation of resources for the future. As we see accounting looks both into the past and into the f ...

Date added: 01 August '07

Cost Accounting

by Cristina Nuta - There are two types of costs in the process of production and distribution of goods. Therefore, manufacturing costs are those closely linked with the putting out of certain goods. Beside these there is also a category of costs connected with the distribution of goods and other necessary activities, termed non-manufacturing costs. In their turn the above mentioned manufact ...

Date added: 01 August '07