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Article: Improving the cost accounting advantage: often poorly understood by undergraduate students, traditional cost accounting is still a valuable and much needed tool. The challenge for academics is to make it engaging.(University of Quebec in Montreal )
- Article from:
- CMA Management
- Article date:
- April 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Society of Management Accountants of Canada. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If you have a bachelor's degree in accounting or in business administration (with a major in accounting), you will remember having taken (or survived, as the case may be) one or two courses that introduced you to the concepts of traditional cost accounting: normal cost, standard cost, custom work and continuous operation costing, to name a few. Do you still get a rash at the mere mention of the word "allocation"? Truth be told, cost accounting courses aren't a pleasant memory for many of us.
Still, according to Jeff Holloway, operations manager with Robert Half International, there is currently a shortage of accountants who have mastered the concepts of ...