Birds eye-view of the Balance Sheet and Income statement. Please remember its very high level comparison.   Balance Sheet and Income Statement Comparison Manufacturing Financial Services Assets Cash Cash Accounts Rec Investments Inventory Loans Fixed Assets Bldg’s Liabilities Accounts Payables Deposits Long Term Debt Savings Equity Other Borrowings Capital  Inc/Exp Sales Total Int. Income COGS Total. […]

The Procure-to-Pay Cycle is at the core of the activities of an organization. This cycle pertains to the procuring of goods so the organization can manufacture and deliver on time. The cycle typically starts with the phase of Inventory Activity. Inventory Activity All manufacturing demands create purchase orders. First, a list of suppliers is created […]