A Journal Entry-Flow of Production of a Company

Financial statements play a significant role in all aspects of accounting. For this question, you are to analyze a journal entry flow of production for a company of your choice.

Address the following questions based on the company information that you find:

• Analyze a current system using the three dimensions of convenience, correctness, and costs of implementation;
• Correlate a current company’s product cost design abilities by answering the four key product design questions;
• Employ strategies for how businesses can better present financial statements for other businesses or financial institutions.