Cost Accounts

Clients Testimonials

Marwa
Date:4/9/2013 12:41:50 PM
We are extremely happy with Entercaps work for our website.
Mohamed
Date:4/9/2013 12:43:41 PM
Great service and communication. Prompt and affordable, The whole package in one. Thanks EnterCaps
Alyamama
Date:4/16/2013 2:24:15 PM
I want to thank you for your efforts with our team to reconstruct our website and your cooperation on the making on the project until it became a real success and a reflection of our image .
Step up
Date:4/16/2013 2:27:17 PM
We all here appreciate your continuous efforts that you did exert in making this dream come true
Oyma - Furniture
Date:4/16/2013 2:28:34 PM
Many thanks for your continuing efforts with our evolving and improving website

Cost Accounts

A Cost Accounting System Requires Five Parts That Includes:

1) AN INPUT MEASUREMENT BASIS.
2) AN INVENTORY VALUATION METHOD.
3) A COST ACCUMULATION METHOD.
4) A COST FLOW ASSUMPTION.
5) A CAPABILITY OF RECORDING INVENTORY COST FLOWS AT CERTAIN INTERVALS.

THESE FIVE PARTS AND THE ALTERNATIVES UNDER EACH PART ARE SUMMARIZED IN EXHIBIT 2-1.

NOTE THAT MANY POSSIBLE COST ACCOUNTING SYSTEMS CAN BE DESIGNED FROM THE VARIOUS COMBINATIONS OF THE AVAILABLE ALTERNATIVES, ALTHOUGH NOT ALL OF THE ALTERNATIVES ARE COMPATIBLE. SELECTING ONE PART FROM EACH CATEGORY PROVIDES A BASIS FOR DEVELOPING AN OPERATIONAL DEFINITION OF A SPECIFIC COST ACCOUNTING SYSTEM.