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Cost Reports
Cost accounting reports are for the company's management and are rarely if ever shown to anyone outside the company. The reason for this is that the information about a company's product or service is secret and this information must be kept from competitors. Many cost reports can be created from a cost system. The most popular reports are listed below, however, the cost accountant will be asked to create many unusual and specific reports based on information needs that come up. Here are the most popular reports (click on the report name to learn more about that specific report): An MRP or cost system will have a number of reports that are able to be run directly from the sytem. However, no system will have exactly the reports you want or be exaclty in the format you want. So, it is necessary to have the ability to create or edit reports in the sytem, and also to have the ability to download information to Excel or some other spreadsheet program. Many cost systems allow the user to save reports in CSV format. This information file can then be parsed into Excel. Parsing involves placing column markers in the csv file and then saving into an Excel format. Once information is in Excel format, then the cost accountant can manipulate the information with formulas and can cut and paste information into a professional looking report. How are good reports made?
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