Discuss the essential elements of effective Cost Accounting information

Discuss the essential elements of effective cost Accounting information

Essential Elements of Effective Cost Accounting Information

1. The statement containing the information should have appropriate heading so that the management can know at a glance what the statement is all about.
2. [blur color=blue]The officer receiving the report must be the appropriate person for the decision on hand.[/blur]
3. [blur color=green]The information must be prepared timely if it is to be useful.[/blur]
4. [blur color=purple]The cost information sent should be sufficiently accurate if wrong decision is not to be taken.[/blur]
5. [blur color=yellow]The information should be clear and concise for easier understanding.[/blur]

 

To Get Your ACC306 (ACC305) COST ACCOUNTING QUESTIONS AND ANSWERS SUMMARY CLICK HERE

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link