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Essay / Research Paper Abstract
This 8 page paper looks at some of the problems associated with the use of traditional cost accounting, especially in an increasingly global commercial environment. The concept of operation and weaknesses of cost accounting are considered and applied to the way costing takes place within multinational organizations, the consideration of shorter product lifecycles and changing consumer needs. The bibliography cites 9 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEglocosting.rtf
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Unformatted sample text from the term paper:
times controlling losses, significant factor for many companies and the recent 2008/9 global recession. A key aspect of this control is seen in the management accounting, with the need to
undertake cost accounting, however, it may be argued that there are some shortfalls is the se of standard costing and production as a method of control in a world characterized
by globalization. Turney (1991) notes that unless an organization that has accurate input into the cost accounting process the organization be "fighting a losing battle", basing decisions on erroneous
information. The role of cost accounting plays a very important role the way operations are managed within an organization, as both strategic and operational levels (Johnson and Kaplan, 1987). With
many services have ensured product lifecycle, and the ongoing search for competitive advantages where you are sustainable in the long term the utilization of cost management in either gaining or
supporting competitive advantages, either by the cost of optical providing funds and assessment of way in which differentiation may be created, with the cost being less than the less than
the value created (Mintzberg et al., 2008). This results in a competitive environment where it is necessary for cost controls to be take place, however this an area which
they significant weakness many companies, as noted that in 1987 by Johnson and Kaplan, according to Hedley (2002) until there is a significant changes in the way traditional costing takes
place this is unlikely to change. To consider the way in which traditional cost accounting may not be studied the appropriate in a globalized environment it is necessary to what
is meant by globalization, in order to understand the environment that companies that are working within, as well as the traditional cost accounting in order to consider its weaknesses and
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