Production cost and Settlement institution: Difference between pages

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imported>Doug Williamson
(Create page. Sources: linked pages and P Scott Accounting for Business 3rd edition.)
 
imported>Doug Williamson
m (Spacing 20/8/13)
 
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''Cost and management accounting.''
''Funds transfer''.  
 
1.
An institution across whose books transfer between participants take place in order to achieve settlement within a settlement system.
 
Total production cost is often defined as the total of Prime cost and Indirect overhead cost.
 
 
2.
 
The term 'production cost' may also be defined more broadly, or more narrowly, than this.
 
Here as elsewhere, consistency of definition and of calculation are essential to producing meaningful comparable figures.
 
The only safe approach is set out calculations in a clear manner that colleagues can understand and validate. In an educational assessment context, this means showing your workings.




== See also ==
== See also ==
* [[Direct costs]]
* [[Bilateral net settlement system]]
* [[Direct expense]]
* [[Multilateral net settlement system]]
* [[Direct production cost]]
* [[Settlement agent]]
* [[Indirect costs]]
* [[Management accounting]]
* [[Period costs]]
* [[Prime cost]]
* [[Production overheads]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 11:12, 20 August 2013

Funds transfer.

An institution across whose books transfer between participants take place in order to achieve settlement within a settlement system.


See also