A budget is necessary to plan how much your business should spend on expenses and how much revenue it will have to cover those expenses. The budget needs to include all the likely expenses to ...

Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...

Plastics processors are fortunate to have several options for managing and calculating costs. While each has its own set of advantages, all provide a slightly different path to the bottom line.

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...

External financial reporting standards are inconsistent with the essential principle for costing for internal decision support: The reflection of cause and effect relationships. The signs that your ...