Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
March 18, 2026The Accounting Review

Some Comments on the Statement of Planning Costs.

View Full Paper
Ask AI
Bookmark
Share

Authors

EWEdward L. WallaceBuffalo State University

Discussion

Loading...

Member takes

Implication

Comments highlight the need for a general statement on cost concepts for management purposes, reflecting evolving accounting practices.

Key Points

  • The aim is to discuss the necessity of a cost statement relevant to management's needs rather than traditional income statements.
  • Reviewed the formation of the Committee On Costs And Standards.
  • Explored the evolution and abandonment of specific cost statement development.
  • Analyzed emerging accounting needs for management purposes.
  • Identified a growing importance in accounting from a management perspective.
  • Noted the inadequacy of existing accounting principles for management costing.
  • Highlighted rapid developments in fields requiring accurate cost data beyond income determination.

Cite This Study

Edward L. Wallace (1957) studied this question.

synapsesocial.com/papers/69ba44654e9516ffd37a610ahttps://doi.org/10.2308/tar-7059511
View Full Paper
Ask AI
Bookmark
Share

Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1REPORT OF THE COMMITTEE ON COST CONCEPTS AND STANDARDS.1952
  2. 2PLANNING CONCEPTS IN THE "TENTATIVE STATEMENT OF COST CONCEPTS".1957
  3. 3THE NEED FOR A STATEMENT OF THE PRINCIPLES UNDERLYING COST ACCOUNTING.1943
  4. 4TENTATIVE STATEMENT OF COST CONCEPTS UNDERLYING REPORTS FOR MANAGEMENT PURPOSES.1956
  5. 5DEVELOPMENT OF COST ACCOUNTING CONCEPTS AND PRINCIPLES.1954