How do I calculate the quality control report?
It is important to understand how to calculate Quality control reports in order to ensure the accuracy and reliability of financial statements. To do this, one must use horizontal, vertical, and ratio analysis.
Horizontal analysis is the comparison of financial statement items over a period of time, while vertical analysis is the comparison of items to a total. Ratio analysis is the comparison of two or more financial statement items. These three methods can be used together to calculate Quality control reports. One way to do this is by using Sourcetable to create a spreadsheet containing the financial information and then using formulas to calculate the Quality control report.
What is the difference between Quality Control and Quality Assurance?
Quality Control (QC) is a proactive quality control process that tests the product after manufacturing to ensure that it meets quality standards. Quality Assurance (QA) is a reactive discipline that monitors the manufacturing process and is involved in testing both in-process and incoming raw material.