Hello!
I need help with a task I've got in the school.
The task is to set up a basic cost accounting system with a given list of accounts from financial accounting.
1. You have received the list of account balances from the financial accounting department (see separate Excel file). Convert expense entries into cost items using the additional information collected by Edwin. Give short explanations and justifications for your entries! Make additional assumptions where needed.
2. Complement imputed cost items where necessary and useful. Make additional assumptions where needed.
3. Mark each cost type as „direct“ or „indirect“ cost, respectively.
It would be amazing for me if someone could help me with this!
Thanks in advance & have a nice day.
I need help with a task I've got in the school.
The task is to set up a basic cost accounting system with a given list of accounts from financial accounting.
1. You have received the list of account balances from the financial accounting department (see separate Excel file). Convert expense entries into cost items using the additional information collected by Edwin. Give short explanations and justifications for your entries! Make additional assumptions where needed.
2. Complement imputed cost items where necessary and useful. Make additional assumptions where needed.
3. Mark each cost type as „direct“ or „indirect“ cost, respectively.
It would be amazing for me if someone could help me with this!
Thanks in advance & have a nice day.
