THE IMPORTANCE OF COST ACCOUNTING SYSTEM IN MANUFACTURING INDUSTRIES

  • Type: Project
  • Department: Accounting
  • Project ID: ACC3603
  • Access Fee: ₦5,000 ($14)
  • Pages: 60 Pages
  • Format: Microsoft Word
  • Views: 368
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
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
1.1Statement of general problem
1.2Objective of the study
1.3Statement of Hypothesis
1.4Significance of the study
1.5Limitation of the study
1.6An overview of the organization 

Chapter two
Literature review
2.1Definition of cost accounting 
2.2Standard cost introduction
2.3Variance analysis and classification
2.4Budget and budgetary control
2.5Marginal cost
2.6Break even point analysis

Chapter three
Research methodology
3.1Interview
3.2Population and sample size
3.3Sampling technique
3.4Personal observation
3.5Justification of choice

Chapter four
Data analysis and presentation
4.1Cost accounting department
4.2Financial department
4.3Production department 
4.4Output come of hypothesis 

Chapter five
Summary, findings, conclusion and recommendation
5.1Summary
5.2Findings
5.3Conclusion 
5.4Recommendation 
5.5Appendix 
5.6Bibliography
5.7Reference
THE IMPORTANCE OF COST ACCOUNTING SYSTEM IN MANUFACTURING INDUSTRIES
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC3603
  • Access Fee: ₦5,000 ($14)
  • Pages: 60 Pages
  • Format: Microsoft Word
  • Views: 368
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC3603
    Fee ₦5,000 ($14)
    No of Pages 60 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This research report was carried out to ascertain whether traditional costing techniques (standard, marginal and absorption costing) are still relevant for today’s demand and greater cost accuracy. Managers and Accounting are confused about which of these techniques will enhance effective cost control and effective management decision.... Continue Reading
      CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY         Cost accounting (CA), which measures and reports financial and non-financial information related to the organization’s acquisition or consumption of resources , has an... Continue Reading
    (A CASE STUDY OF GUINNESS NIGERIA PLC, BENIN CITY) ABSTRACT This study is primarily concerned with finding out the role of cost control techniques in the assessment of manufacturing company. The study however, was carried out to know the effect cost control has in the Benin branch of Guinness... Continue Reading
    (A CASE STUDY OF CHISCO BAKERY INDUSTRIES  ENUGU ) ABSTRACT Maximization of profit is the pursuit of every business organization profit itself is the excess of revenue over expenditure. To obtain profit, increase in selling price of the product or reduction in the cost of production is... Continue Reading
    ABSTRACT Scarce resources must be properly planned and controlled using scientific approaches to control cost of allocating them. The root cause of undue production and high cost of production can neither be easily traced using traditional method nor past experience even computer systems. This study used Linear Programming Model to plan production... Continue Reading
    ABSTRACT     Scarce resources must be properly planned and controlled using scientific approaches to control cost of allocating them. The root cause of undue production and high cost of production can neither be easily traced using traditional method nor past experience even computer systems. This study used Linear Programming Model to plan... Continue Reading
    THE IMPORTANCE OF INVENTORY MANAGEMENT AS A TOOL FOR COST REDUCTION IN MANUFACTURING COMPANIES. ( A CASE STUDY OF NIGERIAN BREWERIES, PLC 9TH MILE CORNER) ABSTRACT A major sources of great concern to manufacturing companies has been the all-important, all pervading recurring issue and question of inventory management. This is understandable; as a... Continue Reading
    (Case Study of Nigeria Guinness Plc) ABSTRACT In this time of rising prices, brewery like any other manufacturing company needs an efficient system of cost control as an essential factor in reducing the cost system of production in order to maximize profit. Due to... Continue Reading
    TABLE OF CONTENTS TABLE OF CONTENTS .................................................................................................... ii DECLARATION .... ......... .................................................................. ................................ iv SUPERVISOR'S APPROVAL ............................... Continue Reading
    ABSTRACT The research project work examines the impact of cost accounting in a manufacturing organisation.  For any manufacturing organisation to survive quality cost control measure must be put in place. The study reviewed the works of auditors on the subject matter primary and secondary data were used for study.  The simple average percentage... Continue Reading
    Call Us
    whatsappWhatsApp Us