Characteristics of an Ideal Cost Accounting System

Characteristics of an Ideal Cost Accounting System 

Ideal Cost Accounting System 

There are following Characteristics of an Ideal Cost Accounting System :- 

1. Simplicity

2. Suitability

3. Elasticity

4. Economic

5. Comparative 

6. Control on efficiency

7. Prompt reporting 

8. Reconciliation with financial accounting

9. Suitable classification and analysis of expenses

10. Work allocation and determination of responsibility 

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