Management Accounting Volume 1

Management Accounting Volume 1

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...on whether the net result is a profit or loss, before the net manufacturing profit is calculated. 18. Comparison of Monthly Burdens Analysis and comparison are the "Siamese Twins" of management. Intelligent analysis and comparison is impossible without burden statements drawn up in comparative form. An example of a statement which includes costs other than burden costs is the Comparative Cost of Melt Statement shown below. Burden Statements can be conveniently kept in a linen-back folder in comparative form to run six months. A history of the burden costs of each foreman's department is thus provided which serves as an aid to proper management. Future history can best be controlled if the foreman knows past history. In conclusion, let it be urged again that every effort be made toward scientific control of burden through the use of departmental rates, burden and expense statements, and adequate accounting methods. COMPARATIVE COST OF MELT1 1 Form taken from the Standard Cost System of the American Foundrymen's Association. NATIONAL ASSOCIATION OF COST ACCOUNTANTS Official Publications Vol. I No. 5 June 1920 Industrial Accounting as an Aid to Management HOMER N. SWEET, Ph. B., C. P. A. (Maw.) Member of the firm of LYBRAND, ROSS BROS, and MONTGOMERY WOOLWORTH BUILDING 233 BROADWAY NEW YORK CITY The National Association of Cost Accountants does not stand sponsor for views expressed by the writers of articles issued as Publications. All articles are examined by the Committee on Publications and when they are believed to contain ideas of value they are published regardless of whether or not the then members of the Committee agree with those ideas. National Association of Cost Accountants INDUSTRIAL ACCOUNTING AS AN AID TO MANAGEMENT more

Product details

  • Paperback | 34 pages
  • 189 x 246 x 2mm | 82g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236646525
  • 9781236646521