ANALYSIS VERSUS INTERPRETATION OF COST.
The ultimate aim of cost finding lies in the proper usage of the figures produced. In order to make use of figures, the meaning behind them must be brought to light by analysis and interpretation. The aim of this article is to discuss some fundamentals of analysis and interpretation and to indicate some of the steps involved. Breaking up of accounts or figures has to take place since the flow of figures cannot always be set in advance so that they come "out of the mill" as ready-made analyses, usable for all purposes. Analytical work in cost and finance takes principally the shape of working papers. The working papers may integrate perfectly with the books and records of an enterprise and may be impeccable masterpieces. Creativeness should be based on facts or should lead to the gathering of other pertinent facts. Interpretation may be viewed as a catalytic process of the intellect. The analyst absorbs the analytical data and tries to bring to light the significant features behind them.
- DOI
- 10.2308/tar-7088007
- Volume
- 28 (3)
- Pages
- 425-430
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref