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

Author

Listed:
  • Adeeb Abdulwahab Al-Hebry

    (Assistant Professor of Accounting, Deparment of Business Administration, Community College - Muhayil, King Khalid University, Kingdom of Saudi Arabia,
    Ibb University, Yemen,)

  • Ebrahim Mohammed Al-Matari

    (School of Accountancy, College of Business, Universiti Utara Malaysia, Malaysia
    Amran University, Yemen)

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.

Suggested Citation

  • Adeeb Abdulwahab Al-Hebry & Ebrahim Mohammed Al-Matari, 2017. "A Critical Study of Cost Approaches in the Accounting Thought: Conceptual Study," International Review of Management and Marketing, Econjournals, vol. 7(3), pages 105-112.
    • Handle: RePEc:eco:journ3:2017-03-12
    as

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    References listed on IDEAS

    as
    1. Oleg DEJNEGA, 2011. "Method Time Driven Activity Based Costing €“ Literature Review," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(1(15)/ Sp), pages 7-15.
    2. Banker, Rajiv D. & Bardhan, Indranil R. & Chen, Tai-Yuan, 2008. "The role of manufacturing practices in mediating the impact of activity-based costing on plant performance," Accounting, Organizations and Society, Elsevier, vol. 33(1), pages 1-19, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cost Approaches; Traditional Cost Approaches; Contemporary Cost Approaches;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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