ACCOUNTING AND FINANCIAL STATEMENTS - Coggle Diagram
ACCOUNTING AND FINANCIAL STATEMENTS
Control and recording system of expenses and income and other economic operations carried out by a company or entity.
Obtain organized and systematic information on the economic and financial movement of the business at any time.
Establish in monetary terms, the historical or predictive information, the amount of assets, debts and assets that the company has.
Anticipate future business probabilities in advance.
A: Assets L: Liabilities PN: Equity C: Capital I: Income E: Expenses
Indirect manufacturing costs
are those costs that a factory must cover for the manufacture of a product, apart from materials and direct labor
Depreciation of the factory building and factory equipment.
Factory building and equipment maintenance.
Property tax on the factory building.
They are defined as the monetary value that results from the consumption or wear of a set of productive factors.
Examples: commissions for sales, freight, advertising, stationery expenses of the marketing department
How is the distribution cost calculated?
the amount of each cost is divided by the total costs. The result is multiplied by 100 so that it is expressed in percent and not in decimals.
It is an accounting technique that aims to create an information system that allows knowing the cost of the products manufactured.
It is an administration tool that consists of determining how much an article is worth producing or providing a service in its three elements:
indirect manufacturing costs
Fundamentals and Financial Analysis
It is an economic report that acts as a photograph that reflects the financial situation of our company as of a certain date.
Statement of income.
Statement of Changes in the Financial Situation.
Statement of changes in equity.
Statement of cash flows.
It is used to understand if the financial situation, the operating results and the economic progress of the company will be satisfactory in the short, medium and long term.
In the direct or variable costing method, variable manufacturing costs are assigned to manufactured products.
The Equation Equation is the result of comparing the resources or Assets that are property of the company with the internal obligations (Equity) and the external ones (Liabilities).
A = P+C
Discretionary fixed costs