AN IDEA WHOSE TIME HAS COME?
With a major revision in the prescribed Uniform System of Accounts of ICC pending, it would be possible either to retain the full-cost, financial type of accounting or to adopt a cost accounting system such as was considered in the 1930s. Since the 1930s, the "formula" approach has dominated rail cost finding, a system which does not focus on relevant variable or direct costs. To adopt cost accounting it would be first necessary to develop a contribution-to-margin approach to accounting which centers on the relevant direct costs. This can be part of a responsibility accounting system, if the uniform system is sufficient flexible in its definition of cost centers and locations. The result would be relevant data for decision making.
- Presented at the 16th Annual Meeting of Transportation Research Forum and Concdian Transportation Research Forum, Toronto, Nov. 4, 1975.
Office of the Secretary of Transportation1200 New Jersey Avenue, SE
Washington, DC USA 20590
- Buckwell Jr, J J
- Publication Date: 1975
- Pagination: 16 p.
- TRT Terms: Accounting; Analysis; Costs; Decision making; Pricing; Profitability; Rates; Regulation; Regulations
- Identifier Terms: U.S. Interstate Commerce Commission
- Uncontrolled Terms: Cost analysis
- Old TRIS Terms: Government regulations; Rate regulation
- Subject Areas: Finance; Law; Railroads;
- Accession Number: 00129169
- Record Type: Publication
- Files: TRIS, USDOT
- Created Date: Feb 19 1976 12:00AM