Cost benefit approach - terms used in cost accounting, Cost Accounting

Cost Benefit Approach - Terms Used in Cost Accounting

Is the primary criterion for selecting with alternative accounting approaches? There is a direct relationship in a company between the funds management is willing to spend on cost analysis and the amount of time and the degree of reliability needed. If a company needs detailed records along with a high degree of accuracy, managers must given additional money and time for maintaining and compiling cost information.  Managers must only use cost analysis and control techniques while anticipated advantages in helping to achieve management goals exceed the cost.

Posted Date: 2/5/2013 2:00:56 AM | Location : United States







Related Discussions:- Cost benefit approach - terms used in cost accounting, Assignment Help, Ask Question on Cost benefit approach - terms used in cost accounting, Get Answer, Expert's Help, Cost benefit approach - terms used in cost accounting Discussions

Write discussion on Cost benefit approach - terms used in cost accounting
Your posts are moderated
Related Questions
It is the year 2012. The Chief Executive of XYZ Systems Plc, a growing firm in the telecommunication sector, has called your team for an important meeting. "We are expanding": he s

Chrome-It, Inc., manufactures special chromed parts made to the order and specifications of the customer.  It has two production departments, stamping and plating, and two service

What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what ty

What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what ty

Requirement for additional Funds A business would require additional capital for two purposes: 1. Financing additional fixed assets, and

Stopover industries ltd, a recently incorporated company plans to go into production next year. the following standard cost matrix has been assembled for one of the products it pro

The level of activity at which total revenues eqivalent total costs. A point at which there is no profit and no loss.

Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir

distinguish between bin card and store ledgre

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 Variable costs are those