Thursday, September 20, 2018

WHAT IS COSTING!! AND HELP TO COMPANY

-:COSTING:-
WHAT IS COSTING!! AND HELP TO COMPANY
The return of the fifteenth century, there was no monitoring system and gained the trading system.
In the last part of the fifteenth century Luca Pacioli, the Italians found their system in both directions
in 1494. Later, it was spread throughout England and around the world Century. For the 400 years, Cost Cost testing is the work of a small branch financial management, with the exception of some of them, such as the royal coupon maker in France (17 years); and Iron Saw & Metal Workers (eighteenth century).
It was from 1880 AD-1925 saw the evolution of plan and events Various activities include many types of companies such as Du Pont, General Motors, etc. During this period Scientific management has evolved, which has led to a change in the physical body The cost of spending, the latter being used to examine inquiries and surveys. During the First and Second World Wars, the importance of managing growth has increased protection of the nation. In the absence of competitive competition with most of the necessary tools For war, the governments of several countries have agreed on the price and the contract for which the price Payment is cost-effective and successful. Dependence on the evaluation of the party's money
The security agreement continued after the Second World War.

In addition to the above, the following factors determined the account to find new techniques
serve the industry: -


  1. Restriction of funding 
  2. Self-awareness 
  3. rapid industrial development as a result of the industrial revolution and the global conflict 
  4. competition between the manufacturer 
  5. In order to control the rising prices, the cost of sharing products / services 
  6. In order to control the cost of a set of freed trips around the world and India, it is also essential Lawson Law, Law, and Law, etc. 

  • Under the terms listed above, the expense account appeared as a Special Decline The first year of the 20th century, which followed the Second and Second World War. In India, prior to independence, certain cost accounts were met and were the most qualified from I.C.M.A. (now CIMA) London. During the Second World War, the need for development He remembers his work in the country, and some were leading the Indian Institute.
  • Cost Accounting: Expenses can be defined as "Cost Review and Review Expenditure that will make a total expenditure for a particular component of production with moderate motives and, at the same time, it will be quite a clear system.
  • "Consequently, the cost account specifies the cost of the expenses to determine the value of the product or service and for the appropriate design documents for management objectives and management. Cost accounts can be explained as follows: The cost account is the fund management process that begins with revenue recording expenditure and ends with the preparation of statistical data. This is the legal system through the cost of the product or service that is retained ingredients. Cost accounting ensures investigation and implementation of costs that can invest money This banner can be removed if the registration has been verified. (Translate this banner) It is, at the same time, to know exactly how such funds will be set up. For example, it's not enough to know that The price of the pen is '25 / - but management is also interested in the value of the equipment use, workload and other costs to control and reduce costs. It sets budget and expenses in price, process or business products and analysis of search, profit, and social use of funds. This cost calculation account is a common practice that collects, implements, summarizes and translates expenditure, planning and monitoring, and decision-making.
Cost Accounting: Cost accounting is defined as "cost and cost accounting"
principles, techniques, and techniques for science, art, and practice of cost and choice control profits. "It includes news coverage for management purposes decisions
. Therefore, the Expenditure Office is the science, art, and Costing account.


  • Cost management objectives:-

  1. Investigating the price of different techniques and systems 
  2. Identify your sales price in different situations 
  3. defining and monitoring the capacity to implement standards, materials and services; 
  4. identifying the cost of property closure by preparing the suspect's financial statements 
  5. To provide a basis for policy implementation, which can determine the cost of costs, 
  6. either to approach or to work on losses, to produce or to buy on the market or to continue working on a more efficient or more efficient production way production etc.
  • The scope of Cost Accountancy:-
  • Cost imposition: The primary purpose of cost accounting is to identify the cost of the product Recommended service with moderation.
  •  Costs: This is the process of spending management that starts with the recording of expenses and ends with the preparation of statistical data.
  • Cost Control: This is the process of monitoring the event to maintain the expenditure content of the establishment.
  • Expenses Depreciation: This is the cost of cost accounting. These reports are developed for the first time for use at different levels. The trade report helps with coordination and monitoring auditing management and management decisions.
  • Cavalry Cost Monitoring: Cost verification is the checking of your account balance and account balance following the budget expenditure plan. Its purpose is not only the accuracy of arithmetic the amount of money, as well as finding the rules and regulations that are applied correctly. In order to fully appreciate the purpose of the Cost Costing project, it is necessary to consider it the accounting status of general accounts and other sciences. ie financially Monitoring, management, industry and service industry.

No comments:

Post a Comment