Tag Archives | Costing System

Installation of Costing System: Requisites, Steps and Problems

There is no system or method of costing which can fulfill the requirements of all types of Industries. To install the most suitable system of costing in a particular organisation, the following should be noted: 1. Essentials Requisites of a Good Costing System. 2. Steps necessary to install the system. 3. Problems or practical difficulties in installing a costing system. [...]

By Shushila R|2018-06-18T11:02:02+00:00June 18, 2018|Costing System|Comments Off

7 Main Steps for Installation of a Costing System

This article throws light upon the seven main steps for installations of a costing system. The steps are: 1. Objectives to be Achieved 2. Study the Product 3. Study the Organisation 4. Deciding the Structure of Cost Accounts 5. Selecting the Cost Rates 6. Introduction of the System 7. A Follow-up. Installation of a Costing System: Step # 1. Objectives [...]

By Ashok M|2016-06-28T09:28:16+00:00June 28, 2016|Costing System|Comments Off

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