Cost Accountancy Question:
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Tell me what problems you may face while installing a costing system?
Answer:
While installing a Costing System an Organisation may face the following problems:
-Lack of Support from Top Management Resistance and non cooperation from the Staff
-Shortage of trained staff
-Non suitability for the nature of product and nature of business
-The cost involved in installing this system may be too high.
-Lack of Support from Top Management Resistance and non cooperation from the Staff
-Shortage of trained staff
-Non suitability for the nature of product and nature of business
-The cost involved in installing this system may be too high.
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