December 6, 2016
The role of finance is to record, guide, and ensure the financial activities of a company are properly recorded. This process can include product costing to be properly documented, cash flow being appropriately handled, along with sales and business costs being monitored and controlled.
For companies that make products at one or more locations, accurately and effectively allocating the amount of cost to each part number is very important for the company’s bottom line results.
Finance is charged with determining the proper…