Explosive Accounting

With such interesting concepts as Future Income Tax Benefits, Amortisation, Consolidations, Minority Interests, Internal Rate of Return, Provisions, Contingencies, Depreciation, Revaluations, Debits, Credits, and dare I say: Double Entries, there's plenty to keep young Chartered Accountants thoroughly engaged.

And just when you thought there was no where else to go, along comes accounting for BOMs for the Australian Defence Force and other Axsapt customers.

A BOM is a Bill of Manufacturing or in the case of the Defence Department, Recipes for meals served at their Officers Mess, Sergents Mess and OR's (Other Ranks) Mess. With thousands of personnel eating in Messes every day, Axsapt's accounting systems ensure that the right number of ingredients are ordered for delivery to the kitchens.

Apart from Food, BOMs can also be used by other Manufacturers from Electronics to Shoes and Clothing. The benefits to manufacturers of using these sorts of systems is that stock holdings for components/raw materials are kept to a minimum, there is less wastage and more intelligent pricing decisions can be made because costs of finished goods are more accurate.

For more information: Axsapt