THE IMPORTANCE OF COST ACCOUNTING SYSTEM IN MANUFACTURING INDUSTRIES
- Type:Project
- Pages:60
- Format:Microsoft Word
INTRODUCTION
Cost accounting is considered as the managerial planning and control activities furnishing management with the necessary accounting tools to plan, control and evaluate operation. The term cost accounting as however published by the institute of cost and management accountant is define as “the application of costing and cost accounting principles, methods and techniques to the science art and practice of cost control and the ascertainment of profit”. It includes the presentation of information derived for the purpose of management decision making.
The basic difference between a merchandized business and a manufacture is that merchant purchases merchandise in a ready – to sell condition whereas the manufacturer produce the good it sells. In a merchandising business the cost of goods available for sale is based upon the cost of purchase in a manufacturing business on the other hand the cost of manufacturing the finished goods, as a result of this, there is the needs for every manufacturing business to be cost conscious in the course of manufacturing goods.
TABLE OF CONTENT
Title page
Declaration
Approval page
Acknowledgement
Abstract.
Chapter one
Introduction
1.1 Statement of general problem
1.2 Objective of the study
1.3 Statement of Hypothesis
1.4 Significance of the study
1.5 Limitation of the study
1.6 An overview of the organization
Chapter two
Literature review
2.1 Definition of cost accounting
2.2 Standard cost introduction
2.3 Variance analysis and classification
2.4 Budget and budgetary control
2.5 Marginal cost
2.6 Break even point analysis
Chapter three
Research methodology
3.1 Interview
3.2 Population and sample size
3.3 Sampling technique
3.4 Personal observation
3.5 Justification of choice
Chapter four
Data analysis and presentation
4.1 Cost accounting department
4.2 Financial department
4.3 Production department
4.4 Output come of hypothesis
Chapter five
Summary, findings, conclusion and recommendation
5.1 Summary
5.2 Findings
5.3 Conclusion
5.4 Recommendation
5.5 Appendix
5.6 Bibliography
5.7 Reference
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