Cost Accounting
About Solution
The cost adjustments solution is a powerful integrated solution that efficiently manages the allocation of all direct and indirect expenses that the company incurred.
It provides a possibility to simulate multiple business scenarios that enable decision makers to have an overview of the expenses and the right way to allocate them, analyzing the company's profitability efficiently.
Solution Details
Advanced Cost Accounting will give the Top-Management, the financial and costing department the ability to re-distribute the actual expenses at the end of each period with a flexible base of allocations and drivers without any impact on financial accounting balances or Cost details.
Financial management can easily and effectively reach the accurate calculation of the estimated costs and compare them with the actual costs in order to determine and analyze the variance.
Through advanced cost accounting, the cost controller can analyze the company’s profitability across all the activities performed and define the reason for the loss, for example, or the activities that cause or produce a higher revenue.
Cost Controller can create up to ten different “what if” scenarios for re-distributing the actual expenses and compare the results with each other.
- Advanced Cost Accounting will give the Top-Management, the financial and costing department the ability to re-distribute the actual expenses at the end of each period with a flexible base of allocations and drivers without any impact on financial accounting balances or Cost details.
- Financial management can easily and effectively reach the accurate calculation of the estimated costs and compare them with the actual costs in order to determine and analyze the variance.
- Through advanced cost accounting, the cost controller can analyze the company’s profitability across all the activities performed and define the reason for the loss, for example, or the activities that cause or produce a higher revenue.
- Cost Controller can create up to ten different “what if” scenarios for re-distributing the actual expenses and compare the results with each other.
