Emerging Contours of Cost Reporting: A System Embedded Approach

Authors

  • CMA M. Gopalakrishnan Practicing Cost Accountant Chennai
  • CMA S. Vaidehi Practicing Cost Accountant Chennai

DOI:

https://doi.org/10.33516/maj.v58i3.75-80p

Keywords:

No Keywords

Abstract

This article aims at a contemporary approach to Cost System Design with an operational focus, with emphasis on cost drivers and shaping the cost management system to an equivalent of quality management system, to make the process owners the cost assurers. The approach looks at creating a system driven Cost Dictionary, to enable a Multi-Dimensional Cost Sheet, to help internal decision making. It also suggests using the contemporary IT Architecture Design, making use of measurable and verifiable data that is already available in the entity.

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Published

2023-03-30

How to Cite

Gopalakrishnan, C. M., & Vaidehi, C. S. (2023). Emerging Contours of Cost Reporting: A System Embedded Approach. The Management Accountant Journal, 58(3), 75–80. https://doi.org/10.33516/maj.v58i3.75-80p

Issue

Volume 58, Issue 3, March 2023

Section

MODERN COST REPORTING
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References

TCM HANDBOOK OF TEXTILE INDUSTRY published by Total Cost Management Division of Confederation of Indian Industry.

Total Cost Management Framework Ver 0 – Jointly published by Total Cost Management Division of Confederation of Indian Industry and Indian Institute of Management (Bangalore).

Profitability Analytics Centre of Excellence: Various Publications available at https://www.profitabilityanalytics. org/about-us

Future Proofing Cost Audit Framework: CMA. M.Gopalakrishnan The Management Accountant Aug 2019 page 64.