FUNCTIONAL RAILWAY COST ACCOUNTING

The prescribed ICC accounting for railroads has been criticized by cost experts for years. While most industries have thoroughly overhauled their accounting systems every decade or so, railroads continue with the uniform system of accounts which is financial and historical rather than functional. The author cites the major deficiencies of the present system of accounts, noting particularly that system-wide costs should not be used for costing specific traffic. He advocates that the railroad industry, FRA and ICC move ahead toward a solution for this problem with the establishment of a new Functional Railway Cost Accounting and Statistical system.

  • Supplemental Notes:
    • This paper is from Transportation in Focus, Proceedings of the Fifteenth Annual Meeting of the Transportation Research Forum, San Francisco, California, 10-12 October 1974.
  • Corporate Authors:

    Cross (Richard B) Company

    Oxford, Indiana,   United States  47971
  • Authors:
    • WHITTEN, H O
  • Publication Date: 1974

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00072728
  • Record Type: Publication
  • Source Agency: Transportation Research Forum
  • Report/Paper Numbers: Proc Paper
  • Files: TRIS
  • Created Date: Jan 9 1975 12:00AM