The implementation of a cost accounting system is an important step for a growing small business. Implementation begins with identification of the correct costing system for the business, moves on to ...

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a ...

At Nebraska Medicine, department managers have a strong incentive to keep their cost information up-to-date because it drives their budgets. Leaders at Omaha-based Nebraska Medicine, a two-hospital ...

Cost accounting is a process that involves recording, analyzing, and reporting a company's expenses in detail. Unlike financial accounting, cost accounting is an internal process used only by company ...

Years ago, I implemented what was considered the most advanced hospital Decision Support System (DSS) existing at the time. It was impressive, but complex, cumbersome and slow. It took a contingent of ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Vikki Velasquez is a researcher and writer ...