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Financial accounting system for quality circle programmes

S.R. Devadasan (PSG College of Technology, Coimbatore, India)
M. Karthikeyan (Sri Ramakrishna Engineering College, Coimbatore, India)
K. Kannan (PSG College of Technology, Coimbatore, India)
G. Sundararaj (PSG College of Technology, Coimbatore, India)
K. Balamurugan (PSG College of Technology, Coimbatore, India)

Participation and Empowerment: An International Journal

ISSN: 1463-4449

Article publication date: 1 June 1999

Abstract

Appraises that the quality circle programme is one of the enablers of total quality management (TQM) projects. Points out that a considerable number of quality circles fail throughout the world in spite of their contributions toward attaining TQM objectives. Claims that lack of financial accountability causes management to underestimate the contributions of quality circles. Suggests a framework to financially account for quality circle programmes. Describes the efforts made to validate it by attempting implementation in a medium size manufacturing enterprise. Presents financial statements concerning a quality circle prepared using a commercially available accounting package. Concludes by discussing the future scope and issues connected with the implementation of the proposed quality circle accounting system.

Keywords

Citation

Devadasan, S.R., Karthikeyan, M., Kannan, K., Sundararaj, G. and Balamurugan, K. (1999), "Financial accounting system for quality circle programmes", Participation and Empowerment: An International Journal, Vol. 7 No. 4, pp. 72-87. https://doi.org/10.1108/14634449910283543

Publisher

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MCB UP Ltd

Copyright © 1999, MCB UP Limited