logo

Project on Costing Process in an Organisation

   

Added on  2020-07-22

10 Pages2479 Words54 Views
Business Development
 | 
 | 
 | 
Costing process in anorganisation
Project on Costing Process in an Organisation_1

Table of Contents1. Introduction.............................................................................................................................12. Literature review:....................................................................................................................13. Costing process.......................................................................................................................34.Critique the costing process:....................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Project on Costing Process in an Organisation_2

1. IntroductionCost is an important factor which is deeply analysed by the organisation so that it can becontrolled and be reduced to the least possible extent. Management of the company needs toframe the budget in an optimum manner so that the business could control its expenseseffectively (Becker, Kugeler and Rosemann, 2013). The Expenses incurred are major concern forproducing any product as this assist the business in a great extent so that the firm could get theleadership among the other rival firms. it covers the direct and indirect cost for producing anyproduct. The expenditure which are directly related to the production of the units, called directcosts. While the ones which are indirectly connected to the good, called the indirect cost. But,both are ultimately affected to the cost. But these are ultimately controlled by the productiondepartment that are entirely concerned to the business organisation. Under this management flow chart, management handle development, production and salesdepartment. The production department entirely covers whole production related activities. 2. Literature review:Costing system is framed to control the entire costs which are incurred by anorganisation. The framework is comprised of a set of forms, procedures, controls, and reportswhich are framed to aggregate and report to administration about revenues, costs andprofitability (Askarany, Yazdifar and Askary, 2010). The regions reported on can be any part ofany organisation, covering:ConsumersDivisionsFacilities1
Project on Costing Process in an Organisation_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Managing Financial Resources in Health and Social Care
|11
|3311
|162

Unit 5 Management Accounting(L02)
|14
|1550
|433

Report on Management Accounting System of John Lewis
|8
|1913
|42

Finance & Funding in the Travel and Tourism
|22
|4650
|49

Management Accounting: Tools and Techniques for Financial Problem Solving
|12
|3089
|59

Management Accounting in T.M.A Engineering Ltd : Report
|18
|5042
|149