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It should be prepared by the Assistant Production Accountant and then checked and signed off by the Production Accountant. Where there is no assistant, the Production Accountant will prepare the reconciliation, and it should be signed off by someone more senior. When an individual is given a float advance, that person must be made aware…
Long-term assets usually follow a depreciation schedule that allows them to be expensed over time and matched with revenue they help produce. For indirect raw materials, depreciation timing will usually be shorter than other long-term assets like a building expensed over several years. For example, components such as the screen, integrated circuits, camera modules and…
Long-term assets usually follow a depreciation schedule that allows them to be expensed over time and matched with revenue they help produce. For indirect raw materials, depreciation timing will usually be shorter than other long-term assets like a building expensed over several years. For example, components such as the screen, integrated circuits, camera modules and…