Successful businesses set prices and then deliver services or produce goods at costs that are lower than these prices. The difference between the cost and the price creates the profit that the business earns as goods and services are sold. To price correctly, most companies develop some type of Cost/Price Model to estimate their costs, and then they apply […]
Archive for the ‘Financial Statement Information’ Category
Compilation, Review, Audit- What’s the difference? As a business owner, you play many roles within your company including taking charge of day-to-day operations, generating new business and assuming the role of chief financial officer/controller. In the role of financial officer, you may be requested to supply financial statements prepared by an independent accountant.