Page 5 - PowerPoint Presentation
P. 5

RECAP





            Cost Terms And Concepts






            • Accountants need to know the cost of certain


                objects (including products) for the following


                reasons:


                    • to value inventory for reporting purposes


                    • to plan and control activities in the organisation



                    • to make decisions that will improve the


                       organisation’s profitability
















                                                                                                                                       5
   1   2   3   4   5   6   7   8   9   10