What are the most important factors for installing a cost accounting system? The Industry in which business is operating Obtaining the complete knowledge of the production process. The lowest installation price is a good reason for Installing the cost occounting system In a typical business organisation accounts department needs to satisty bank requirements while installing o cost system Cost opportionment can be done on the basis that can be easily changed to save the cost Costing system should fulfill the requirement of different level of managernent Nature of product determines the type of costing system to be implemented. The costing system should repeat the same system as the major competitor hos