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.

  • Supplemental Notes:
    • Presented at the 16th Annual Meeting of Transportation Research Forum and Concdian Transportation Research Forum, Toronto, Nov. 4, 1975.
  • Corporate Authors:

    Office of the Secretary of Transportation

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Authors:
    • Buckwell Jr, J J
  • Publication Date: 1975

Media Info

  • Pagination: 16 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00129169
  • Record Type: Publication
  • Files: TRIS, USDOT
  • Created Date: Feb 19 1976 12:00AM