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Cost of Work
The total expense incurred in producing goods or services, including materials, labor, and overhead costs.
Cost of Goods Manufactured
The total cost incurred to manufacture products, including direct labor, direct materials, and manufacturing overhead, during a specific period.
Financial Accounting
The field of accounting focused on the summary, analysis, and reporting of financial transactions pertaining to a business to external entities.
Managerial Accounting
The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.
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