An analysis of costing system of small scale business Department: Accountancy By: captainonuh1414 Project ID: 6893 Rating: (3.0) votes: 2Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis research project examines the analysis of cost accounting systems in small-scale industries in general, however, it gives a specific emphasis was particularly given to how the small-scale business recognized and appreciated the importance of the costing system. It also explains that the costing system deals with the optimum use of available resources and better approximation of figures in order to be able to determine the total cost of production and cost per unit of a product, also costing system enabled the small scale business to have accurate records of cost analyzed in a manner so required for the purpose of management decision and planning. Further explains the three main sources of cost information (i.e element of costs, Viz): materials, labour and overhead costs. It also included the presentation of data gathered through interviews conducted with the proprietor of the firm, then conclusions are drawn and recommendations are given on the areas where some anomalies are discovered on how to improve the situation. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )