The Effect of Cost Control in Nigeria Breweries
Pandey (2003:371) it remain an uncontroversial fact that any ting done for a specific purpose has it important. This could be advantageous or disadvantageous. The significance of the cost control lies in the fact at better armed to face such challenges squarely in future.
WM Herper op cit (2000:284) in cost and management account volume, state some principles must always be borne in mind when engaged in costing. Cost should be related as closely as possible to it cause, a cost is not charged until it is incurred, the prudence convention should be ignored that is real cost are never charged to future period, profit appropriation are excluded from cost. Cost are management account and cost control following the principles must be borne in mind when engaged in costing, it should be related as closely as possible to it’s cause and not charged to future period, profit. [Read more…]