As a designer at Coala ltd, a newly set-up, you are responsible for bringing recruiting in the business, the company bids for recruits and executes them. Currently it captures costs by department and accounts for stores and raw material inventories.

You are responsible to make suggestions for improvements to the Cost Accounting system. You are about to make a recommendation to introduce a Product Costing System. When you sound out the Financial Controller, he says, We have just one Accountant and I think introducing a product costing system is a complete waste of time

Write a short justification, identifying four reasons for your recommendation.