Examlex
Why is the statement of cash flows useful?
Job Costing System
An accounting method used to track costs and profitability of individual jobs or projects, allowing for precise control and reporting of expenses.
Process Costing System
A method of accounting that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process, to products by averaging them over units of output.
Downstream Costs
Costs incurred after the production phase, such as distribution and marketing expenses, as well as after-sales service costs.
Upstream Costs
Expenses incurred in the early stages of the production process, which can include exploration, development, and extraction in the oil and gas industry.
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