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This paper examines how business managers can apply cost concepts in planning future financial outlays.

Planning Concepts in the "Tentative Statement of Cost Concepts".

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The article discusses the application of cost concepts in planning, indicating implications for business managers.

This paper examines how business managers can apply cost concepts in planning future financial outlays.
Analysis of the tentative statement of cost concepts from a business management perspective.
Discussion of measurement and discounting of future costs.
Evaluation of the implications of uncertainty and risk in financial planning.
Identified three different approaches to handling future costs.
Highlighted the complications of measuring and discounting costs due to uncertainty.
Stimulated further discussion on accounting information needs for management.

Barhydt et al. (1957) studied this question.

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