CHAPTER 5

Applying Your Knowledge

About This Chapter

In the previous chapter, we explained the different costing methods that can be used to assess the financial functioning of an organization. In this chapter, we demonstrate how you can select the appropriate methods to obtain the financial information you need. You may be the owner of a small business, in partnership, or a manager in a large business. Whatever your role, you are most likely to be interested or significantly involved in the financial success of the business and this chapter provides guidance.

The methods and techniques that we explain in this chapter are not set in stone. You do not change your business to fit into a particular method we have explained. You look carefully at ...

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