The Next-Generation of Financial Data Management
Gartner defines "financial data management" as "a set of processes and policies — usually assisted by specialized software — that enable an organization to consolidate its financial information, maintain compliance with accounting
Accounting for COGS (Cost of Goods Sold) Examples
Cost of Goods Sold (COGS) is the sum of costs directly associated with producing the goods sold. COGS should be recorded in the same period as the revenue it generated. Recording COGS accurately can be complicated by shipping delays, returns, and missing vendor invoices.