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Ibrahim Akram's image
Question added by Ibrahim Akram Senior Specialist ( Budgeting , Costing and Reporting) Maaden
7 years ago
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Question added by Nathaniel Ero Stock Control Accounts Officer Dangote Cenent PLC, Gboko Plant, Benue State
9 years ago
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Answer added by  Deleted user
7 years ago

For external purpose of Financial Reporting mostly In preparation of P/L accounts Absorption costing is used. Where as Variable Costing/Marginal Costing is mostly used in ... See More

Hamza Al Shaka'a's image  
Answer added by  Hamza Al Shaka'a, Chief Accountant, Arab Radio & Television Co
7 years ago

Dear Ibrahim,   Kindly note that absorption costing is required for external reporting purposes, Variable costing is used for internal management reporting purposes only. ... See More

Biju Joseph's image  
Answer added by  Biju Joseph, Quantity Surveyor (Tender Dept), Almulla Construction LLC
6 years ago

Cost Saving - An original item is replaced with an alternative item having less price than the original item without any compromise in the specification, quality and purp ... See More

Joel Ayroso's image  
Answer added by  Joel Ayroso, Project Sr. Cost Budget Manager/Consultant , Saudi Aramco-SMP (EPCM)
6 years ago

Cost Reduction is to reduce purchase of items that will not affect our budget cost that could only suffice to our project.  While Cost saving meaning the reduce of unncec ... See More

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Answer added by  Deleted user
6 years ago

Focus on the idea of ​​reducing costs as a provision that gives a false reduction of cost only .. It is necessary to link the cost and the cost of production (the unit of ... See More

Mohammed  Safwan's image  
Answer added by  Mohammed Safwan, Senior Accountant, Hafeez Enterprises
7 years ago

Complete review and checking of all entries to avoid any errors by accounts department or highlight any error for which there must be an Internal Audit department in any ... See More