Using improper costing methods may lead to losses

Abstract

The first step in sound business management is to realize that accounting reports complying with tax rules are improper for profit control as quicker and higher frequency reporting is a must together with a different kind of expenses filing. The second step is to choose, for controllership purposes, between absorption, direct or activity based costing. Outlines the reasons why direct costing is the key to effective profit control.

Citation

Esculier, G.G. (1997), "Using improper costing methods may lead to losses", The TQM Magazine, Vol. 9 No. 3, pp. 228-230. https://doi.org/10.1108/09544789710169028