Die grondslae van 'n moderne taakkostestelsel soos toegepas in onderneming A
Abstract
In our competitive economy it is of vital importance to know and to
control costs. To achieve this, costs must be recorded. During the
years a system which enabled accountants to record, interprete and use
cost for management purposes was developed Cost Accounting can therefore
be described as a formal accounting devise with the aid of which costs
are recorded, classified and used for the following purposes :
(a) Internal reporting to managers, for use in planning and cont rolling
routine operations;
(b) Internal reporting to managers for use in making non-routine decisions
and in formulating major plans and policies;
(c) External reporting to stockholders, government and other outside
parties.
We can distinguish between two major co s t accounting systems
i.e. process costing and job costing.
My interest lies with the latter. Job costing deal s with t he finding
of the cost to make a specific job.
In company A the foundry produces several types of castings. Each
casting can be distinguished from the others. The cost to make these
castings are recorded on a job cost basis. In this work the way in
which the costs for the foundry are recorded is described,
I have also tried to show the short-comings of the system. In
chapter two the objectives of cost accounting are described.