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- Title
ACCOUNTING DATA FOR PURPOSES OF CONTROL.
- Authors
Jaedicke, Robert K.
- Abstract
This research paper focuses on the use of accounting data for a specific purpose of "Control". The very first question arises "What does the control process consist of?" A survey of the accounting and management literature seems to indicate the control process generally thought of in one of three ways. Sometimes it is defined as the analysis of present performance in light of some standard or goal in order to determine to what extent accomplishment measures up to the plan or standard. Sometimes it is defined as a process of securing conformity to a plan, and sometimes as an idea of information feedback i.e. data collected as part of the control process might be reported systematically and used in future planning decisions. According to the author the second concept of control (without feedback) is probably the most widely accepted concept and much improvement in the control process can be made by giving greater emphasis to the feedback idea. Hence the author examines several different accounting control techniques with a view toward implementing the concept of information feedback and attempts to show some areas of possible improvement that can be made in order to use accounting data more effectively in the control and planning process.
- Subjects
ACCOUNTING; CONTROL self-assessment (Auditing); OPPORTUNITY costs; BUDGET; DATA analysis; PERFORMANCE evaluation; STRATEGIC planning; INFORMATION resources management; FEEDBACK control systems
- Publication
Accounting Review, 1962, Vol 37, Issue 2, p181
- ISSN
0001-4826
- Publication type
Article