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Four-Stage Model of Cost System Design for Financial Reporting and Performance Measurement

This exhibit showcases the different stages of cost system design, including financial reporting systems, product costing systems, specialized managerial systems, and future financial reporting systems.

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Four-Stage Model of Cost System Design for Financial Reporting and Performance Measurement

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  1. Exhibit 1-1 Four-Stage Model of Cost System Design

  2. Exhibit 1-2 Stage II Cost Systems Driven from Financial Reporting Requirements Financial Reporting Systems Product Costing Systems Financial Performance Measurement and Variance Analysis

  3. Exhibit 2-3 Stage III: Specialized, Customized Managerial Systems Financial Reporting Systems • Operational Feedback for • Learning and Improvement: • Yield • Defects • Cycle Time • Throughput • Actual Resource consumption • (Quantity and Cost) Customer Costing Product Costing Activity-Based Management Systems

  4. Exhibit 2-4 Stage IV: Tomorrow Financial Reporting Systems Planning and Budgeting Operational and Strategic Performance Measurement Systems Activity-Based Management Systems Actual Utilization and Efficiencies

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