A Critical Study of Cost Approaches in the Accounting Thought: Conceptual Study

Adeeb Abdulwahab Al-Hebry and Ebrahim Mohammed Al-Matari
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Adeeb Abdulwahab Al-Hebry: Assistant Professor of Accounting, Deparment of Business Administration, Community College - Muhayil, King Khalid University, Kingdom of Saudi Arabia,
Ebrahim Mohammed Al-Matari: School of Accountancy, College of Business, Universiti Utara Malaysia, Malaysia

International Review of Management and Marketing, 2017, vol. 7, issue 3, 105-112

Abstract: This article has aimed to show such theoretical cost approach in accounting thought. The article has divided the cost approach into two groups, the traditional approach that includes the volume based costing, French cost accounting approach and grenzplankosterechuning approach and contemporary cost approaches which include four approaches activity-based costing (ABC), time-driven ABC, resources consumption accounting and lean accounting. As result of the debate that led to the existence of pros and cons of each approach and no one can declare to say preferential approach on the last absolute.

Keywords: Cost Approaches; Traditional Cost Approaches; Contemporary Cost Approaches (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ3:2017-03-12

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