Goal definition and communication - standard costing, Cost Accounting

Goal Definition and Communication - Behavioural Aspects of Standards

Goal Definition

The desired goals should be clearly defined to individuals, departments and the organization like a whole. It clears confusion and sets a direction for the entire organization. Cleary defined goals, agreed upon via and accepted via the individuals concerned, will encourage goal congruence and raise motivation.

Communication

The process of communication, across and among the layers in the organization, is a serious element of all control systems. Standard costing, like a performance control systems, is not an exception. Frequent, up to date and exact feedback of information to employees and managers regarding their performance has a motivating effect. It specifies areas whether improvement is needed as like to achieve the desired objectives. Communication makes employees feel like their also contribution in the organization is significant.

Posted Date: 2/7/2013 5:47:47 AM | Location : United States







Related Discussions:- Goal definition and communication - standard costing, Assignment Help, Ask Question on Goal definition and communication - standard costing, Get Answer, Expert's Help, Goal definition and communication - standard costing Discussions

Write discussion on Goal definition and communication - standard costing
Your posts are moderated
Related Questions
Standard Costs Establish the Minimum Desirable Costs When actual costs incurred exceed or else are below the standard costs, we after that investigate the variances along with

Idea behind Activity-Based Costing The most important ideas behind activity-based costing are as given as: Activities cause costs; activities involve ordering, ma

XYZ Corporation recieves $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a a debit to investment b

A company is investigating the effect on its cost of capital with respect to the tax rate. Suppose there is a capital structure of 20% debt, 10% preferred stock, and 70% common sto

Atlanta Company stock is expected to follow an exponential growth rate. The relationship between the current stock price P0, future price PT after time T, and the continuously comp

We have earlier explained working capital by total current assets less current liabilities. It, in other words, implies that all the assets held through the business along with the

The Critical Thinking about CVP is described below CVP is more than just a mathematical tool/device to calculate values such as the break-even point. It can be used for the cri

Overhead Cost Analysis and Classification Overhead costs may be analyzed into a) Which that may be directly identifiable along with a single cost center, as an  example of,

Considerations in Variance Investigation As already notice above, not all variances are investigated; this is only the material and meaningful as for cost control reasons vari

Calculate the today's cash value of a car that can be leased with $5000 down, bi-weekly payments of $199 over 4 years and a buy-back value of $15,000 at the end of the lease if the