Procedure and Process costing: Difference between pages

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1. ''Treasury risk management''.
Process costing (rather than job costing) is used when production is of homogenous items and is organised on a continuous or flow-line basis.


Abbreviation for treasury procedure.
Under process costing, costs are accumulated for each separate process or operation for a period of time, and then averaged by dividing the total cumulative costs for the period by a measure of the output (for the same period).




2.
== See also ==
 
* [[Job costing]]
Any other formalised set of steps.
* [[Process strategy]]
 
For example, procedures to detect and deter money laundering.
 
 
==See also==
* [[Adequate procedures]]
* [[Compliance]]
* [[Controls]]
* [[Internal control]]
* [[Money laundering]]
* [[Proportionate procedures]]
* [[Security]]
* [[Treasury Operations and Controls]]
* [[Treasury policy]]
* [[Treasury procedure]]


[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Investment]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Technology]]
[[Category:Treasury_operations_infrastructure]]

Latest revision as of 21:25, 25 September 2020

Process costing (rather than job costing) is used when production is of homogenous items and is organised on a continuous or flow-line basis.

Under process costing, costs are accumulated for each separate process or operation for a period of time, and then averaged by dividing the total cumulative costs for the period by a measure of the output (for the same period).


See also