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  2. Cost reduction - Wikipedia

    en.wikipedia.org/wiki/Cost_reduction

    Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project [1] or the construction of a building. [2] In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. [3]

  3. Cost accounting - Wikipedia

    en.wikipedia.org/wiki/Cost_accounting

    Standard Costing is a technique of Cost Accounting to compare the actual costs with standard costs (that are pre-defined) with the help of Variance Analysis. It is used to understand the variations of product costs in manufacturing. [6] Standard costing allocates fixed costs incurred in an accounting period to the goods produced during that period.

  4. Accounting software - Wikipedia

    en.wikipedia.org/wiki/Accounting_software

    Some reasons cloud accounting software is preferred by users is there is no need to worry about maintenance or hardware system upgrades, it can reduce overall costs, and that a user can gain access from multiple locations. One of the primary reasons cloud accounting software is not being used is the threat of the security of the data. [7]

  5. Free Accounting Tools for Small Businesses

    www.aol.com/free-accounting-tools-small...

    As a small business owner, you know how quickly expenses can add up. Fortunately, you don’t have to sacrifice quality to find affordable accounting software. Here are 10 free accounting tools ...

  6. The Impact of Trump's Cost-Cutting Initiative Hinges on What ...

    www.aol.com/news/impact-trumps-cost-cutting...

    Third (and relatedly), preventing fraud costs money: The Congressional Budget Office, for example, assumes that each dollar spent on measures to prevent health care fraud generates $1.50 in savings.

  7. Value engineering - Wikipedia

    en.wikipedia.org/wiki/Value_engineering

    Value engineering can lead to the substitution of lower-cost materials, as with the exterior cladding that accelerated the Grenfell Tower fire in London. [1] [2]Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality.

  8. Backflush accounting - Wikipedia

    en.wikipedia.org/wiki/Backflush_accounting

    Cost of ending inventory can be calculated by using the LIFO or FIFO inventory accounting methods, or other less common methods. The end of the accounting period is considered usually the end of each month because otherwise some taxes like the VAT (value added tax) cannot be charged. The monthly stock-taking is the main disadvantage of the ...

  9. Cost breakdown analysis - Wikipedia

    en.wikipedia.org/wiki/Cost_breakdown_analysis

    The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction oriented cost breakdown analysis focuses rather on factors contributing to direct cost.