Economic costs are not typically recorded in the accounting books of companies. Accountants focus on the hard, explicit costs from operations during the year when creating financial reports. Economic costs are usually considered when a company must make a strategic decision involving opportunity.o calculate the accounting profit for the fiscal year, accountants look only to the accounting costs and profit of the company. Accountants do not need economic cost information to create their income statement.
Aka Island (é¿åå³¶, Aka-jima) is an island in the Pacific Ocean and is part of the Kerama Islands group in Okinawa Prefecture, Japan. The island is commonly known as Aka or Aka-shima and is located some 15 miles to the southwest of Okinawa Island. It has a subtropical climate and a population of approximately 330 people.
One of the best ways to see its is to take a liveaboard around Raja Ampat â the âfour kingsâ islands of Batanta, Misool, Salawati and Waigeo. Hundreds of smaller islands sit between a reef system where divers will find 75 per cent of all the worldâs know coral species.