NCJ Number
87053
Date Published
1981
Length
64 pages
Annotation
Prison industries must focus more on individual accountability and performance requirements, as well as on production goals and profitability, to become viable economic entities.
Abstract
An effective management accounting system is needed to assist managers through the accumulation, classification, and interpretation of cost and revenue data. The data can be used to support planning and to establish policies, to facilitate managerial control, and to guide the managers' decisionmaking process. Discussion of the management accounting system as an internal reporting mechanism covers pricing, product or service profitability, manpower performance, and manufacturing costs. Also described are two basic cost accounting systems and the application of the job order cost system to correctional industries, inventory measurement and valuation procedures, and the job order cost system. A final chapter explains application of the process cost system to certain correctional industries shops and the recommended approach to installing and evaluating the system. Sixteen figures and 17 forms are supplied.