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Taylor's Contribution To Cost Accounting, A Reply, Rosita S. Chen, Sheng-Der Pan
Taylor's Contribution To Cost Accounting, A Reply, Rosita S. Chen, Sheng-Der Pan
Accounting Historians Journal
We respond to those issues that M. C. Wells raised in his comments on our article. We found that his comments on the association of scientific management and cost accounting, and on Taylor's historical role in cost accounting were debatable, and his discussion of the first modern book on cost accounting was inconclusive.
Taylor's Contribution To Cost Accounting: A Comment, M. C. Wells
Taylor's Contribution To Cost Accounting: A Comment, M. C. Wells
Accounting Historians Journal
Frederick Winslow Taylor developed a system of cost accounting while at the Midvale Steel Company (1878 to 1890). In their article on his contribution to the development of cost accounting, Chen and Pan suggest that Taylor has not received the credit he deserves. They also assert a close association between cost accounting and scientific management. Finally, Chen and Pan compare Taylor's work with a book published in 1885 by Metcalfe.
Frederick Winslow Taylor's Contributions To Accounting, Rosita S. Chen, Sheng-Der Pan
Frederick Winslow Taylor's Contributions To Accounting, Rosita S. Chen, Sheng-Der Pan
Accounting Historians Journal
Taylor's system of accounting was formulated in the 1880s, basically completed in the 1890s, and implemented in various manufacturing companies up until the 1920s. The rapid growth of business and the accompanying change in capital structure in this century led to an income-statement emphasized financial accounting system on the one hand, and a decision-oriented managerial accounting system on the other. In either system, some influence of Taylor's work is still discernable.
Frederick Winslow Taylor's Contributions To Cost Accounting, Rosita S. Chen, Sheng-Der Pan
Frederick Winslow Taylor's Contributions To Cost Accounting, Rosita S. Chen, Sheng-Der Pan
Accounting Historians Journal
This article is to introduce the cost accounting system that Frederick Winslow Taylor installed at the Tabor Manufacturing Company sometime in the 1890s. A comparative analysis between this system and Captain Henry Metcalfe's Cost of Manufactures is also made in order to investigate their sources and influences. It is concluded that Taylor was a pioneer in many aspects of cost accounting, but his most important contribution was the development of the managerial approach that paved the way for modern managerial accounting.