Question

Many companies still keep cost accounting separate from the production information systems. Do you think this is a good or a bad idea and why?

Answer 1

Answer:

A few organizations still keep cost bookkeeping separate from creation data frameworks.

The reason of this division is that the item data is kept up in units and dollar esteem, both.

The cost bookkeeping is kept up in dollar esteem as it were.

Monetary bookkeeping and cost bookkeeping are kept up from a similar source records and kept up in dollar esteem.

To help the cost bookkeeping records, item data records are kept up.

This is a smart thought as the item data has certain data about the item, which are for administration data and choice taking as it were.

Thus these records won't irritate the introduction of cost bookkeeping reports.

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Another reference:

Cost bookkeeping identifies with the expense of creation of the items. Cost bookkeeping is restricted predominately to use inside the organization to help administration during the time spent settling on decisions.

Cost bookkeeping is the scaffold among money related and administrative bookkeeping themes.

One of the ideas is that of item costing for an assembling organization. Item costing is additionally used to decide the authentic cost premise to represent the expense of items sold amid a period and the expense of the unsold stock that remaining parts as an advantage on the asset report.