Management Consulting Blog: Finance & Accounting
Field insights from our finance and accounting practice
In a standard cost system, often you will find three cost variance accounts: material, labor and overhead (burden).
This post answers the question that many companies have, “How do you justify using a third-party, when we can do it ourselves?"
It is common for management teams to become fixated on profitability. The often-overlooked issue is how their actions will affect cash flow.
Beyond closing the books and completing taxes there are a few often overlooked tasks that can make a difference in day to day processing:
Client expectations, regulations and emerging technologies have been forcing aircraft companies to create competitive strategies...