research project tries to review the cost accounting system of KRISTAL SILENT,
which of course is a manual processing system by a systematic analysis and
recording of vertical transactions in respect of labour, material and expenses,
the collation and interpretation of these need to disclose costs of particular
products or services and the application of this vertical information for the
purpose of efficient running of the business.
accompanying software, computerized cost accounting system is a package
developed with the aim of computerizing all cost activities for the said
company. The program is in modules, which describes project activities,
and information that is related to it. It provides the user the ability to
federate analysis of project execution cost on monthly, quarterly and on yearly
basis with its respective business forecast.
is divided into six chapters.
Chapter one has to do with introducing the project topic,
statement of the problem, purpose of study, aims and objectives, scope,
limitations and definition of terms.
is the review of related literature
three has to do with finding out how the current system works and what the new
system must do.
four: This phase of the system
project spelt out how to build the new system, including the input/output
design, file design, the procedure as well as the system requirements.
five is documentation
is about recommendation and conclusion.
TABLE OF CONTENTS
Organization of Work
Table of contents
1.1 Background of study
1.2 Statement of problem
1.3 Purpose of study
1.4 Aims and Objectives
1.6 Limitations and Constraints
1.7 Definition of terms
2.0 Literature Review
3.1 Description and Analysis of the
3.2 Fact finding methods used
3.3 Objectives of the existing system
3.4 Input, process and output analysis
3.5 Problems of the existing system
3.6 Justification for the new system
4.0 Design of the new system
4.1 Output specifications and design
4.2 Input specifications and design
4.3 File design
4.4 Procedure chart
4.5 System flowchart
4.6 System requirement
5.0 Implementation of the new system
5.1 Program design
5.3 Program flow charts
5.5 Source program
5.6 Test run
6.1 Communication with the language
6.2 Loading the language
6.4 Loading the program
Recommendation and Conclusion
1.1 BACKGROUND OF STUDY
nature and development of an economy establishes the basic requirements for
accounting. The emphasis to cost accounting for instance has been directed
towards meeting the practical needs of manufacturing industries. The rapid
growth and expansion of service industries now demand that accountants direct
their attention to solving a new set of problems that are in many industries
not related to manufacturing. The accountant is faced with the problem of
adapting and combining the present accounting techniques into modern and
flexible systems for the service industries.
The task of
accounting for manufacturing costs and expenses obviously requires a further
expansion of the preceding system. The form that this expansion takes depends
on many factors such as the kinds of control, which is desired to exercise over
manufacturing activities, the nature of the manufacturing activities
themselves, and the relationship, which is to be mentioned between financial
and cost records.
above, it is clear that even though the presentation of cost accounts, for
various types of business may vary, i.e is normal to follow the following
(a) All expenditure is analysed and
classified into direct and costs. The direct costs can be attributed to a
particular job process on operation and they are transferred to
(b) The indirect costs are placed to
the relevant account. If they can be placed to one particular account such as
factory overhead becomes allocation of overhead. But if they make to be divided
between different overhead accounts is called apportionment of overhead.
1.2 STATEMENT OF PROBLEM
In drawing up a scheme of costing, one of the first steps much be
decided upon the cost centers, which are to be used. Following this, these
overheads, which can be allotted, can be transferred to the relevant sections.
The others must be apportioned between the relevant departments. The methods of
apportionment will vary but care is needed to select the finest and concernment
method in the circumstances.
In this project work, we are narrowing down to the cost accounting
system as has been practiced by KRISTAL SILENT, which of course is done
The land of cost accounting in the organization is the historical
cost accounting system. Hence the system to be developed will take care of some
of those anomalies that pose constraints to the system.
Therefore the research goes on to ask such question as what are
the likely benefits to be gained from this project study?
1.3 PURPOSE OF STUDY
of this study is trying to figure out the difficulties and irregularities
encountered by KRISTAL SILENT in its existing system. The research amongst
other things introduces standard that show the cost of production of every
unit, job, and process operation or department by close analysis of
expenditure. To indicate to management any inefficiencies and waste which are
thereby revealed. To serve as a guide to price fixing. To provide comparative
statement of costs in which the cost of the current period are compared with
the costs of a previous period; or more helpfully, with the budgeted costs; and
financially to take action in respect of significant variations of the costs
from the budgeted figures and thus to control cost.
1.4 AIMS AND OBJECTIVES
and objectives of this project is to redesign and computerized the manual
system of cost accounting as being practiced in KRISTAL SILENT. The
computerized system amongst other things.
the burden of calculating and recalculating of figures to get at the exact
report generation and report of the financial status of the firm.
posting of accounts from the individual ledgers to the general ledger
of operation will be increased tremendously and volume of output enhanced too.
project has been narrowed down to the financial humations of particular project
undertaken by the said company. It tells us about the nature of project. Its
contract value, the equipment and materials procedures in the execution of the
project the labour cost and wages to the project. And finally, it furnishes the
management with the information of how much was expended while carrying out the
project and how much is remaining, that will serve as profit.
TERMS AND CONDITIONS APPLY
For more informations on project materials and more