^<^pa ^ toward a Functional Accounting System. Part I; Accounting Variances and Staiistical Variance Analysis toward a Functional Accounting System; Part I: Accounting Variances and Statistical Variance Analysis

On another occasion we sketched the general characteristics of an integrated accounting system of the future. The criteria that we set before us in developing such a system were two fold. We wanted first of all to provide management with routine quantitative information, useful in analyzing the efficacy of existing organizational configurations, and second we felt that such information should be a part of a comprehensive managerial accounting system. It was an attempt, in other words, to integrate all the major requirements for information that is necessary for managerial decision making, present such information on a routine rather than ad hoc basis, and so help management encompass in its decisions more of the global aspects of the firm's activities. And this because we strongly believe that as far as management is concerned: 1.