Asked by: Christofer Rateraasked in category: General Last Updated: 27th January, 2020
What is quality control in accounting?
Simply so, what do you mean by quality control?
Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC is similar to, but not identical with, quality assurance (QA).
Beside above, what is the role of quality control? Quality control involves testing of units and determining if they are within the specifications for the final product. The purpose of the testing is to determine any needs for corrective actions in the manufacturing process. Good quality control helps companies meet consumer demands for better products.
Keeping this in consideration, what is QC in accounting?
A system of quality control is broadly defined as a process to provide the firm with reasonable assurance that its personnel comply with applicable professional standards and the firm's standards of quality.
What are the 4 types of quality control?
There are seven primary quality control tools which include:
- Checklists. At its most basic, quality control requires you to check off a list of items that are imperative to manufacture and sell your product.
- Fishbone diagram.
- Control chart.
- Pareto chart.
- Scatter Diagram.