Overhauling Cost Accounting Systems

Topics:
Working Capital
Tags:
Accounting,
Accounting System,
Finance,
Financial Services,
Operational Accounting,
Penton Media Inc.
Source:
Penton Media

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Overview: Cost accounting is on the one hand, it is perhaps one of the most difficult processes to reengineer, principally because it is so intertwined with the enterprise business processes of most companies. On the other hand, cost accounting is an integral part of the pricing decisions, the production systems and the purchasing decisions a company makes. If done incorrectly, it's a house of cards that can come tumbling down. Faulty cost accounting can mean a company's downfall. Here's how leading-edge organizations have reached world-class status by utilizing activity-based costing.

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Format: HTML | Date: Nov 1996 | Pages: 3


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