Sample text Full study of present cost reports, if any, and propose a detailed integrated cost accounting system that will enable consolidation of all divisional activities together with budgetary controls and variance analysis. Incorporation of the costing structure into the computer system proposed under (3) above. Our review will incorporate defining profit centers, cost centers, overheads, fixed costs, variable costs, etc.
Upon completion a comprehensive management information system (MIS) will be available to the management. This will enable management to follow up activities and results of various functions and greatly enhance the management decision process including developing strategic planning.