Category: Accounting

Consideration of 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…

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…