Standard costing is an accounting technique that breaks overspending and underspending on materials, labor and overhead cost into their price and quantity components. For example, a manager may notice ...

“ The Lowdown on Lean Accounting ” ( JofA , Jul.04, page 69) was an excellent article. As a lean accounting practitioner, instructor and author, I would like to address some of its points. One ...

A full cost accounting system is designed to measure the complete, true costs of goods and services. While standard cash flow accounting practices focus on direct, current costs and expenditures, full ...

Despite growing interest, proponents say there's still a long way to go before lean accounting becomes a mainstream practice. When Orest "Orry" Fiume was vice president of finance and administration ...

In this article, activity-based costing, an approach that has proved to be an improvement over the conventional costing system in product costing, is introduced. By combining activity-based costing ...