Why We Need a Conceptual Framework for Managerial Costing

White, Larry; Clinton, B. Douglas; van der Merwe, Anton; Cokins, Gary; Thomas, Chuck; Templin, Ken; Huntzinger, Jim
October 2011
Strategic Finance;Oct2011, Vol. 93 Issue 4, p36
Academic Journal
The article discusses a conceptual framework for managerial costing drawn up by a seven-member task force of the Institute of Management Accountants (IMA). Topics covered include the need for such a framework, the benefits of one, the aims of the IMA task force, the importance of principles in management accounting, and differences between management accounting and financial accounting. INSETS: Benefits of a Managerial Costing Framework;Without Managerial Costing Principles....


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