ABSTRACT

The extension of the use of cost information in shaping the company's policies brought with it the demand for standards to be set up, against which performance could be judged. The provision of Uniform Costing Systems and the resuscitation of detailed cost systems such as were being built up before the war phase was entered into will, however, not of themselves provide the answers to the question of what needs to be done to meet post-war demands. Cost Accountancy will indeed need once again to concentrate its function as an aid to Management. It will perforce need to double its critical analysis of all expenses in fact, of all forms of expenditure. The profession of Cost Accountancy has passed through many phases, as has been indicated. To-day it is past the stage where it needs to direct attention to its possibilities; on every hand there are indications of a growing demand for its services.