Collecting the Data

  • Trevor J. Bentley


If the people responsible for controlling costs are going to receive information on how well their efforts are or are not helping to reduce the consumption of resources, there must be some means of collecting this data. The most convenient and in many respects the best means of doing this is the Accounting System. There are three principal reasons for this:
  1. (a)

    The accounting system is designed to account for every penny received and spent by the company.

  2. (b)

    It is the basis for recording material and labour usage.

  3. (c)

    It is a numerically based system with internal controls that are capable of being audited.

These functions are performed by good systems, but there are many poor systems.


Accounting System Cost Control Contribution Activity Data Collection System Cost Centre 
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Copyright information

© Trevor J. Bentley 1978

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  • Trevor J. Bentley

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