Document Type
Article
Publication Date
1919
Abstract
The accounting and cost system, which is recommended for adoption by electrical manufacturers, has been so planned that it not only conforms to the requirements of scientific accounting and an adequate cost system, but is sufficiently flexible so that it may be used to advantage by both large and small manufacturers: (a) Small companies may use the condensed or group titles. (b) Moderate sized companies may use the intermediate headings as far as they consider them desirable; so, of course, may the smaller companies, if they choose to do so. (c) Large manufacturers may use the further sub-divisions to the extent they may individually regard as necessary. (d) The essential principles are, however, that: 1. If the full detail be adopted, the items shall finally be condensible into the main group headings used by the smaller manufacturers. 2. In any scheme of financial reports, either to the Federal Trade Commission, the United States Internal Revenue Department or to any electrical manufacturing or trade association, the information shall conform to this standardized plan, and the figures, when consolidated, shall be representative of the whole electrical manufacturing industry
Relational Format
pamphlet
Recommended Citation
Electrical Manufacturers' Council, "Standard accounting and cost system for the electrical manufacturing industry (third edition)" (1919). Publications of Accounting Associations, Societies, and Institutes. 191.
https://egrove.olemiss.edu/acct_inst/191