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 ...

Process costing is a management accounting function. Business owners use this function to accurately calculate and apply the business costs for producing specific types of goods. Process costing ...

Do these two questions sound familiar? “What makes a good hospital or medical group cost accounting implementation?” and “What is important to know when one embarks in a hospital or medical group cost ...

The economy is always a hot topic, whether it’s a boom or a bust. While it moves in cycles, there are ways to help your company thrive amid the fluctuation. One of those, Justin Springer said, is an ...

Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—planning, engineering, or ...

Cost accounting in healthcare has never been more important, but is often considered too difficult, expensive or resource intensive for many healthcare organizations. Additionally, other critical ...

“Many of our clients are already in the construction business and for them, this product is a perfect fit. Basically, it allows users to create an overarching Project which captures all of the related ...

Contractors love equipment. Contractors also love being able to write off equipment purchases against their income taxes. Unfortunately, that love can lead to serious financial mistakes. Don't think ...

TCG, an SMC3 company and providers of Activity-Based Costing and Profitability Management Tools for truckload and less-than-truckload motor carriers, announced that Old Dominion Freight Line has ...

Knowing costs is the price of admission to the construction industry. We simply cannot survive if we do not know, or are not able to estimate, the cost of the work and the cost of the resources used.