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Is Inventory Accuracy The Cost Accountant’s Fault?
This could be labeled the million dollar question. There are many metrics that can be used to monitor inventory accuracy, including things such as inventory turnover, rate of demand, average days on...
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General Ledger Re-Classification Will Not Determine Your Cost
A few weeks ago I was talking to a CEO who was having difficulty with his costing system and he was looking to make improvements. He mostly wanted to be able to use the system to make management...
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Lower of Cost or Market Rule
The other day, I was speaking with a CFO who was describing his current year issues with the commodity that is a major part of the products he manufactures. He was specifically referring to the issues...
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