What question did this study set out to answer?

The aim is to explore the historical origins of cost control and its evolving functions.

The Genesis of Cost Control.

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Literature review uncovers the evolution of cost control methods, suggesting new purposes for cost records.

The aim is to explore the historical origins of cost control and its evolving functions.
Reviewed literature from the eighteenth and nineteenth centuries
Examined ideas related to cost management
Identified purposes for maintaining cost records
Two primary purposes for cost records were identified: analyzing past results and guiding future trading
Historical cost analysis is deemed minor in contemporary cost control
Emphasized the need for informative financial statements to enhance managerial interest in accounting reports

P. Crossman (1953) studied this question.

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