ABSTRACT
This chapter proposes one integrated approach to developing accounting systems that complement process design; Process Integrated Accounting (PIA). The features of the system were developed and implemented in a chemistry and microbiology laboratory setting. The chapter deals with the alignment of managerial accounting within the framework of process design. In pharmaceutical production, the lowest cost is achieved from a campaign strategy, in which cleaning, batch reconciliation and release testing are all minimized by reducing or eliminating the problem of cross-contamination. The chapter focuses on personnel time, as many companies have an excellent cost-tracking system for materials and consumable commodities. PIA is not a replacement for broader-view managerial accounting considerations, nor is it intended to replace conventional double-entry ledger income statements or balance sheets that are the hallmark of financial accounting. The more relevant task is to create an accounting that captures time and cost from productive work efforts as well as non-productive activities.
