Instructor%20Notes%20-%20Chapter%2013

Instructor%20Notes%20-%20Chapter%2013 - Management 200T...

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Management 200T Cost Accounting and Reporting Systems Chapter 13 Cost Management The process of using cost information from the accounting system to manage the activities of the organization. Cost accounting is viewed in its traditional role of determining the cost of producing products or providing services and the related accounting for those activities. This is a results oriented, short-term view of cost. A more contemporary view is that costs must be understood and managed at each stage of an organization’s value chain to provide an awareness of cost over the entire life cycle of a product or service A prescriptive, long-term view of cost where cost management clearly becomes a strategic initiative. Value chain – the sequence of functions and related activities that, over the life of a product or service, can ultimately make a difference to the customer. Cost Accumulation and Assignment
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This note was uploaded on 04/18/2008 for the course MGMT 200T taught by Professor Purdum during the Fall '08 term at Purdue.

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Instructor%20Notes%20-%20Chapter%2013 - Management 200T...

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