Emphasis in Cost Accounting.

Abstract Regardless of the ultimate position, which the National Industrial Recovery Act may occupy on the political horizon, it has already succeeded in making the business world increasingly conscious of cost accounting. There is no reason to expect that the ground gained will ever be lost and every reason to believe that through trade associations and similar organizations cost accounting will gain additional importance in the United States' national business life. Therefore it is advisable to survey the cost courses given in the universities and colleges of the country to see whether they are designed to give the student the proper training in cost accounting. Probably it is safe to say that when the instructor approaches the cost course with such an attitude, the subject continues to remain a mystery to the student. In reality the study of cost accounting is simply an expansion of the study of one of the functional groups presented in financial accounting, the manufacturing function. In cost accounting the student learns how the information, which he used in financial accounting is obtained for a manufacturing concern.