ABSTRACT
The Cost Accountant is the direct outcome of the application of scientific thought to industry; he represents and stands for the scientific idea applied to business management. Once admit this idea, with its first effect of divorcing the industrialist from the agriculturist, and we have the key to the modern organisation of industry and commerce, and a pointer to the place of the Cost Accountant. As the modern specialised and departmentalised factory has been evolved from the old domestic industries, so the Cost Accountant has been evolved from the old undifferentiated confidential clerk. Shipbuilding is another industry in which costing and the Cost Accountant is most important. In fact, one might go so far as to say that the introduction into business of a qualified Cost Accountant is one of the first and most important steps in setting industry on a sound basis.
