ACCOUNTING AND FINANCIAL CONSIDERATIONS


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ACCOUNTING AND FINANCIAL CONSIDERATIONS
ACCOUNTING AND FINANCIAL CONSIDERATIONS
PRINCIPLES OF ACCOUNTING Accounting has been defined as the art of recording business transactions in a systematic manner. It is the language of business and is used to communicate financial information. Conventions that govern accounting are fairly simple, but their application is complex. In this section, the basic principles are illustrated by a simple example and applied to analyzing a company report. The fair allocation of costs requires considerable technical knowledge of operations, so a close liaison between process engineers and accountants in a company is desirable. In simplest terms, a…
Citation
Dr. Don W. Green; Dr. Marylee Z. Southard: Perry's Chemical Engineers' Handbook, 9th Edition. ACCOUNTING AND FINANCIAL CONSIDERATIONS, Chapter (McGraw-Hill Professional, 2019), AccessEngineering Export