COST ACCOUNTING SYSTEMS

Cost Accounting Systems

Cost Accounting Systems

Introduction

A growing number of organizations are adopting project management as part of their management practices. According to the project management objectives prescribed by the Project Management Institute (2000), “to run the project for targeted budget, schedule, and performance,” academicians and practitioners have observed how various management principals influence a project's success. In reference to future reporting models, the American Institute of Certified Public Accountants (AICPA) states, “Today's business reporting, although a solid foundation from which to start, is incomplete due to rising marketplace demands for more relevant, up-to-the- minute information” (Coburn, 2008).

Discussion

Contemporary cost accounting system ...