Category: Accounting

Consideration of risk in accounting

risk in accounting

The concept of risk is central to the management company. We can define risk as a potential event that may prevent the company from achieving its objectives. The risk is still characterized by two elements: the probability of occurrence and…

Cost accounting adapted to lean

cost accounting

Practice standard cost leads to increase the quantities produced and therefore stocks to reduce unit costs by product, which goes against the lean principles. A lean enterprise requires a system cost: Focuses on the die (where value is created) It…