Improving Output Costing: Guidelines and Examples
Published Apr 1994
Improving Output Costing: Guidelines and Examples highlights the areas that operational and financial managers in departments should focus on when reviewing their costing systems.
| Contents | Page Range |
|---|---|
Part One: Guidelines for Improving Output CostingChapter 1: Introduction and ScopeChapter 2: Objectives of Cost Accounting SystemsChapter 3: Output CostingChapter 4: Does Your Costing System Need Improving?
|
outputcosting-pt1of5.pdf (426 KB) pp. 1–11 |
Chapter 5: How to Improve the Costing System
Chapter 6: Working with Costs
|
outputcosting-pt2of5.pdf (439 KB) pp. 12-19 |
Chapter 7: Documenting Costing PracticeChapter 8: Example of Disclosure of Cost Accounting Policies |
outputcosting-pt3of5.pdf (662 KB) pp. 20-31 |
Part Two: A Sample Output Costing ReportChapter 9: BackgroundChapter 10: Costing System ChangesChapter 11: RecommendationsChapter 12: Scope and AssumptionsChapter 13: Cost ClassificationChapter 14: Costing Method: Example 1 |
outputcosting-pt4of5.pdf (711 KB) pp. 33-46 |
Chapter 15: Costing Method: Example 2Chapter 16: Monitoring, Reporting and ResponsibilityChapter 17: Costing System DesignAppendices:
Glossary of terms |
outputcosting-pt5of5.pdf (585 KB) pp. 47-61 |
Preface
Continual improvement in costing systems is as important to meet the increasing demand for better management information in the public sector as it is in the private sector.
The Treasury has designed this booklet to highlight the areas that operational and financial managers should focus on when reviewing their costing systems. I hope that it will stimulate departments to seek continual improvement in the quality of cost information and costing systems.
This booklet has been divided into two parts:
- Part 1: Guidelines for Improving Output Costing
- Part 2: A Sample Output Costing Report.
Part 1 is concerned with understanding the role output costing plays in the public sector, and identifying areas for improving costing systems.
Part 2 sets out an example of an internal costing system report in a hypothetical department.
Although this booklet has been prepared primarily for managers in departments, I hope it will also be useful to other government agencies.
Murray Horn
Secretary to the Treasury
