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Essay / Research Paper Abstract
A 10 page paper assessing components that should be a part of a company's cost accounting system for a new online business unit. The system will need to address several financial and nonfinancial performance measures including sales; total revenues; selling and general administrative expenses; IT expenses and rate of use; and shipping costs. Bibliography lists 10 sources.
Page Count:
10 pages (~225 words per page)
File: CC6_KSacctCstOnl.rtf
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Unformatted sample text from the term paper:
Sales trainers tell trainees that they cannot possible know where they are going - or if they have arrived - if they have no idea of where they are,
what their destination is or what routes are available to them. In many respects, management information and control (MIC) systems can be viewed in the same manner. The
difference is that MIC systems highlight where the organization is and provide information about choices of how to proceed, enabling management to select the best route to travel.
Businesses in all developed nations currently operate in highly competitive environments and are forced to operate as efficiently as possible. No organization can achieve
the greatest possible degree of efficiency if it cannot accurately determine how much its processes cost, how valuable its sales are, or how it can improve on current systems.
In essence, it must be able to determine precisely where it is in any number of aspects of its business. MIC systems enable the organization to do just that,
particularly the cost accounting aspect of MIC systems. The purpose here is to assess components that should be a part of the companys cost accounting system for a new
online business unit. Management Information and Control Systems The broad framework of MIC systems includes a variety of systems and approaches. Among
these are: * Costing systems, including activity-based costing; * Standard Costing and Variance Analysis; * Inventory Management; * Performance Measurement; * Pricing and Output Decisions; * Budgetary Planning and Control;
* Information Systems; and * Strategic Information Management (Management Information & Control, n.d.). Not all of these points can be considered individually here,
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