This book has been authored by Dr. Pravin P. Shah, who is a practising Chartered Accountant The book provides practical step-by-step, comprehensive know-how for the successful design and implementation of effective cost control and information systems from scratch or for the improvement or modification of an existing cost system. It explains in clear, concise and simple language not only what to do but also how, why and in what sequence the steps should be taken and who should take them. It also deals at length with the important subject of system implementation. Thus, its focus is on providing a structured approach to developing and implementing a modern cost system.
The book not only deals with technical aspects but also with the practical problems, including people problems, associated with the various phases of design and implementation of a cost system. It provides the know-how for designing a cost system for any type of entity, manufacturing or non-manufacturing, profit seeking or not-for-profit, small medium-size or large. Throughout the book, detailed checklists, practical guidelines, specimen forms and actual company practices are presented for every phase of cost system design.